What happens to your real estate when you decide to sell your business? For many business owners, the answer isn't as simple as it may seem.
Tamara Pow, managing partner and founder of Strategy Law, recently joined Ben Towne on the Max Value podcast to discuss the often-overlooked connection between business ownership, real estate, and exit planning.
During the conversation, Tamara explains why business owners should carefully consider whether real estate belongs inside their business, including the potential tax consequences of holding property in a C corporation. She also discusses how lease terms, lender requirements, title issues, and a buyer's willingness—or unwillingness—to purchase the associated real estate can complicate an otherwise straightforward business sale.
Drawing from real client experiences, Tamara shares insights on sale-leasebacks, partnership disputes, family-owned real estate, 1031 exchanges, buy-sell agreements, and the importance of planning well before an anticipated business exit.
For business owners who own both a company and the real estate it operates from, these decisions can have significant financial and legal implications. As Tamara highlights, addressing real estate considerations early can help business owners avoid unnecessary complications when it comes time to sell.
Watch the full interview with Tamara Pow on the Max Value podcast:
https://www.youtube.com/watch?v=mvJvie1OwSg