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This article is the second installment of a seven-part series on what business owners need to do once they reach the Last Five Years before exit.

In the first article of our series, Your Last Five Years, we examined why five years is a tipping point, at which time owners must start planning their exit. Click here to review that article.

This article is the first installment of a seven-part series on what business owners need to do once they reach the Last Five Years before exit.

Imagine a doctor has just advised a patient that he must lose twenty pounds – or his life is in danger. If the doctor said the weight loss must happen within one week, that would be a crisis. If the doctor said the patient must lose the weight within one year, it would take some work, but losing twenty pounds in one year would likely not be a crisis for most people.

The Tax Cuts and Jobs Act (TCJA) is perhaps the most sweeping US tax law change in several decades, with a long list of changes to corporate tax rates, personal income tax rates, and other areas. The new laws change much of the tax landscape for businesses and their owners—now and at exit.

The Tax Cuts and Jobs Act (TCJA) is perhaps the most sweeping US tax law change in several decades, with a long list of changes to corporate tax rates, personal income tax rates, and other areas. These changes impact the tax landscape for businesses and their owners. If you are a business owner, and you expect to sell your company at your exit, the new laws raise several important questions. One of the most important is which entity may be the most tax efficient when you sell your company? That’s the question we will explore.

NAVIX, as part of our continuous commitment to give business owners the information and tools they need to plan for and achieve successful exits, is pleased to offer three complimentary educational resources on the newest tax laws and how they impact your exit.