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Independent Pharmacy Consulting Group
A Resource for INDEPENDENT PHARMACY OWNERS
Whether you are preparing to sell your pharmacy or purchase a pharmacy, this year or in several years, it is never too early to begin preparing for the transition. Buying a pharmacy, selling a pharmacy or expanding your current pharmacy is a complex process and requires professional expertise.
Cardinal Health’s alliance with Lawrence C. Barrett and Jeremy B. Thompson of Sagemark Consulting / Independent Pharmacy Consulting Group LLC, is the answer. We have the expertise and resources to help you determine how the eventual transition of your pharmacy will impact your personal wealth.
Mitigating Taxes
With income, capital gains and dividend taxes most likely on the rise, the impact taxes will have on the sale of your pharmacy could deplete a significant portion of your net-worth, leaving you and ultimately your heirs with a fraction of its total value. With careful planning, however, there are ways to reduce the tax burden for you and your loved ones.
When preparing your exit strategy have you considered the impact taxes will have on the eventual transfer of your business? Will you have sufficient assets remaining after taxes to sustain your standard of living during your retirement? How does the sale of your pharmacy impact your personal estate planning?
Understanding the impact of taxes when selling your pharmacy and how it will impact all other areas of your personal planning is essential when developing an exit strategy. Developing a coordinated plan that incorporates your business and personal planning will allow you to make informed decisions for your future.
Lawrence C. Barrett and Jeremy B. Thompson of Sagemark Consulting / Independent Pharmacy Consulting Group LLC, will help you answer these questions and more:
- How do I sell my business to a third party and pay the least possible taxes?
- Should the sale be an asset or stock sale?
- Am I facing double taxation with a C-Corp?
- How do I transfer my business to “insiders” (family, employees or co-owners) while paying the least possible taxes and enjoying maximum financial security?
- How do I maximize the income stream generated by my business – both before and after I leave my business
- Do I have sufficient capital for my family?
- What are my potential estate taxes?
- How can I reduce these costs?
- How can I freeze these costs?
Hello future?
Taxes. Living expenses. Inflation. Death. That’s about as much as most people can predict about their future. But what if you could get a realistic perspective on the ability of your income and assets to help meet your long-term needs and objectives? What if you could analyze a variety of “what-if” scenarios to prepare for various contingencies the future might hold?
Cardinal Health’s alliance with Sagemark Consulting / Independent Pharmacy Consulting Group LLC, allows you to understand the impact the recent economic conditions have had on your ability to retire.
Our Strategic Resources
Jimmy Neil, Cardinal Health
Vice President of Pharmacy Transition and Strategy, Healthcare Supply Chain Services
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