Family succession journeys are unique to each family. What works for one family may not necessarily work for another. The same goes for the best way to extract wealth out of family entities when needed, i.e. when a business is sold, when wealth is needed for personal commitments, or if assets are being divided and restructured as part of a larger succession planning project.
This paper focuses on the challenges and opportunities in extracting wealth from private companies and the various scenarios to consider when determining the most tax effective way for the family or group of private investors.
Specifically, it covers several tax strategies to effectively extract value from companies, including the use of examples to address the practicalities of extracting wealth from companies in real world.