A practice transition is a long-term proposition that will change your life and upend your daily routine. Be specific about your transition goals. Determine whether you want to retire partially or fully and map out a timeline. Decide if you are looking at a five or ten-year window. Depending on which you choose, the financial […]
One of the first steps in properly planning the sale of your practice is to secure the benefit of receiving the sales proceeds tax-free. You want to make sure that the sale of the shares qualifies for the Lifetime Capital Gains Exemption (LCGE). The LCGE for 2020 is $883,384 for each shareholder. If you sell […]
If you have any questions, or you are looking for guidance how to proceed with your practice transition, contact us for complimentary consultation
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