Post-Sale Considerations: Life After Exiting Your Business
While the buildup to selling your company is a flurry of activity where you’re rarely left alone, the aftermath is entirely different — you’re left to deal with proceeds, taxes, and budgeting on your own. How do you adjust to your new financial and emotional reality after exiting your business? Address These Post-Sale Financial ConsiderationsFirst things first: Before doing anything else, you should address a few post-sale financial considerations. Understanding their potential impact makes budgeting and investing easier. Capital Gains TaxesYou pay a long-term capital gains tax on profits from...