How can investing in an opportunity fund help business owners defer and potentially eliminate taxes?

Ashley Tison is a renowned expert in tax planning and mitigation strategies, bringing a wealth of experience from his background in law, commercial real estate, and tax-advantaged syndication. Recognizing the significant tax implications that arose during the Great Recession, he pivoted his focus toward assisting business owners in preserving their profits through effective tax strategies. Since 2018, Ashley has concentrated on Opportunity Zones, guiding clients in optimizing their tax efficiency and emphasizing the importance of establishing Opportunity Funds early to capitalize on future capital gains and tax benefits. He advocates for proactive planning and comprehensive financial management, encouraging business owners to explore strategies such as charitable remainder trusts and Opportunity Funds to mitigate tax liabilities and enhance returns, particularly before the Opportunity Zones program's 2026 deadline.

Here’s what to expect this episode:

• Succession planning is crucial for business owners to navigate potential transitions and avoid negative outcomes.

• Tax planning strategies like Opportunity Zones and charitable remainder trusts can optimize tax outcomes for business owners.

• Excess inventory can complicate the selling process for businesses, highlighting the importance of proactive inventory management.

• Investing in an opportunity fund within 180 days of realizing a capital gain can defer tax payments and potentially eliminate taxes altogether through creative tax mitigation strategies.

• Collaboration with professionals and early preparation can help businesses navigate transitions smoothly and maximize the value of their assets.

Connect with Ashley Tison:

https://www.linkedin.com/in/ashley-tison/

Connect with Jacob Koenig:

https://woodbridgegrp.com/

https://www.linkedin.com/in/jacobkoenig/

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