With all the trials and tribulations caused by the COVID-19 pandemic, business owners and their tax advisors may be hesitant to add more items to their year-end planning list.
However, business owners would benefit from tackling exit planning in their year-end plans too, says one expert.
When considering exit plans for a client, take a look at the business structure. Is it still advantageous to the owner? Does it run itself? These considerations can help as you begin year-end planning.