He Sold His Business for 2 Million But Only Kept 1.4M
Most business owners believe selling their business will set them up for retirement.
They'll get the freedom to travel, slow down, and finally enjoy the life they’ve worked so hard for.
But when you look at the numbers, the story changes.
In this video, I walk through a real example of a $2 million business sale.
Here’s what happens when the broker, accountant, attorney, and the IRS all take their share; and how quickly those “retirement dreams” can shrink without proper planning.
The owner expected to walk away with $2 million.
In the end, he kept just under $1.4 million.
That’s over $600,000 gone to fees and taxes.
And that’s before factoring in the deal structure - which can have a major impact on how much cash the seller actually receives and when.
Whether it’s a seller note, an earn-out, an equity rollover, or other terms, these details often decide how much money ever makes it to your bank account.
This is why smart owners start exit and tax planning long before the sale.
If you’re thinking about selling or passing on your business in the next few years, take a few minutes to watch this breakdown.
It might change how you think about your exit and how much of your life’s work you actually keep.
When you’re ready, let’s talk about how to plan your transition the right way.
#ExitPlanning #BusinessOwners #TaxStrategy #BusinessSale #DealStructure #SuccessionPlanning #FinancialFreedom #YetoAccounting