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John Harman, CPA PLLC

Selling Your Business Tax Free

Contact Us (469) 742-0283

Sell Your Business

And Pay NO Tax

The Advantage Plan

Your future is created by what you do today, not tomorrow.

The Advantage plan allow individuals to sell a business without having to worry about paying taxes on the gains of the sell. The plan needs to be executed when the business is starting or has limited value.  Taking advantage of the long-standing provision of the ERISA Act of 1974 allows for this to.

  • Potential to pay no federal or state tax from your profit from selling your business.
  • 100% of the capital gain can be invested where it will grow tax free even if you invest in another business.
  • If you withdraw money it will not be subject to federal or state tax as long as you are 59 ½ years old and 5 years of Roth participation. 
  • At 70 ½ years old you do not have to receive payment from the account instead you can roll the money into a Roth IRA that has been.
  • Substantial health insurance benefits.

We will be able to offer this knowledge and expertise regarding this program. For more information regarding The Advantage Plan contact our office at 469-742-0283 or by e-mail at admin@mckinneytax.com

If you'd like more information about our internal control services please complete this form to setup a Free Consultation.

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