What if the real question weren’t just how to properly report your income, but how to plan for the future to maximize your income and wealth?
➝Planning for the transfer of one’s business is one of the key decisions an entrepreneur must make.
Without proper planning, your children may find themselves having to pay significant inheritance taxes on 100% of the business’s value… and at a difficult time in their lives. They may then be forced to sell the family business even though they wanted to take it over, facing intense pressure from investment funds and potential buyers. And they may not necessarily be prepared to defend themselves effectively or sell the business successfully during this difficult time.
➝The goal: to transfer ownership under favorable conditions, without jeopardizing either the business or your loved ones.
➝One of the measures to be implemented: the Dutreil Pact
This mechanism helps optimize the transfer of an operational business. In practice:
• A 75% deduction from the value of the business at the time of transfer
• The opportunity to involve children early on to prepare for the next generation
• A way to avoid putting pressure on one’s descendants during what is often already a difficult time
➝ Why plan ahead?
Because a successful business succession cannot be improvised. It is built over time, with a vision that encompasses family, heritage, and entrepreneurship.
➝ To wait is to risk suffering.
➝Planning ahead means protecting your business… and those who will keep it going tomorrow.
FareWell is here to help you develop a strategy for transferring ownership of your business.
