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Family-Owned Businesses Urged to Sell Before the Party Ends (1)

Jan. 14, 2020, 12:57 PM

Families who own businesses are getting this piece of New Year’s advice: Sell.

Not only is it a great time to put a private company up for sale while the economy is strong and many deep-pocketed buyers are circling, wealth advisers are also reminding clients of looming political uncertainty toward the end of 2020.

If President Donald Trump loses the election, Democrats running to replace him have promised to boost taxes on the rich. While the wealth tax proposed by senators Elizabeth Warren and Bernie Sanders gets the most attention, other top candidates have ideas for squeezing the 0.1%. Former...

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