In this episode of "Why We Plan," John Brown, the founder of BEI, is joined by Dan Finn, the founder of Finn Financial Group, to discuss how business owners can reduce the tax impact of selling their business to a third party. Finn explains how Section 453 of the Internal Revenue Code can be used to take a cash sale and defer a portion of the proceeds, thereby reducing the tax obligation in the present and deferring it into the future. Brown and Finn discuss how this strategy can help business owners address the concerns of what they will do after they sell their business. They also note that this strategy is not new, but it is not yet widely known, and they encourage advisors to explore it further. Tune in to learn more about how deferring taxes with Section 453 can be a key element of Exit Planning.

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