Family-Owned Businesses Urged to Sell Before the Party Ends

The transcript discusses the potential market top indicated by wealthy individuals being advised to sell their businesses. It highlights the favorable conditions for selling due to high valuations and political uncertainties, particularly tax changes. The conversation touches on the reluctance of baby boomers' children to take over family businesses, leading to more sales. The influx of investment funds and private equity interest is also noted. The potential impact of the 2020 election on business deals, especially if Democrats win and raise taxes, is considered.

What is one reason why 2020 is considered a good year for selling businesses?

• Increased government subsidies

• Decreased competition

• High business valuations

• Low interest rates

How might potential political changes affect business sales?

• By decreasing the number of buyers

• By increasing capital gains taxes

• By reducing the number of advisors

• By lowering business valuations

Why are many baby boomers considering selling their businesses?

• Their children are eager to take over

• They want to expand their businesses

• Their children are not interested in taking over

• They are facing increased competition

What role do private equity and family offices play in the current market?

• They are decreasing business valuations

• They are causing businesses to close

• They are increasing the demand for business acquisitions

• They are reducing the number of business sales

What potential event in November 2020 could influence business deal flow?

• A major economic recession

• A significant technological breakthrough

• A change in government leadership

• A new trade agreement