What It’s Like To Sell a Business
Selling a business is a complex process. You need to tackle several types of taxes. You need to effectively invest the proceeds. Finally, you also need to overcome the emotions of letting go of your business.
In this episode, Kyle Malmstrom interviews Doug Pate, a client of Centura Wealth Advisory (Centura) who recently sold his business, International Surf Ventures Inc., after growing it for 17 years.
- His personal experience of navigating a business exit
- How CLATs helped him save seven figures in taxes and achieve his charitable goals
- Why wealth protection is as important as growing your wealth
- Centura’s involvement in his wealth management (including alternative investments)