When it’s time to sell the family business – including to family – keep tax strategy in mind

Sell your business – or part of it – to family and avoid taxes. Does it sound like a potential path for you?

Then you’ll want to draw on Andrew Knutson’s expertise at the upcoming annual conference of the Prairie Family Business Association.

Knutson is the owner and managing attorney at Thompson Law PLLC in Sioux Falls. He has focused his practice for the past 12 years in the areas of trusts, estate planning, asset protection and business law.

He serves as co-chair of the business law committee for the State Bar, where he coordinates with other attorneys to draft legislation and educate lawyers on developments in business law. He has been selected as a Rising Star by Super Lawyers every year for the past seven years. On the practical business side, Knutson has owned and operated two successful small businesses with his wife.

Read the full article at fambus.org