Sell Your Optometry Practice

Capital Gains Tax On Optometry & Ophthalmology Practice Sales

Are you looking to sell your optometry practice or ophthalmology practice but don’t know where to start? The transition from selling your practice to stepping into retirement can be daunting. Complicated paperwork, complex tax codes, finding the right buyer – these are just some of the tough tasks that make optometrists and ophthalmologists hesitant to start the selling process. The team of financial professionals at Freedom Bridge Capital specialize in these types of transactions. We can help you sell your optometry practice to the Deferred Sales Trust, defer paying capital gains tax on your sale, and create an effective investment strategy to support a steady stream of passive income for retirement.

“I feel it is my job and obligation to let every optometrist and ophthalmologist know how the Deferred Sales Trust can provide tax deferral with the purchase of your practice.”

HOW DO I SELL MY OPTOMETRY PRACTICE TO THE DEFERRED SALES TRUST?

The Freedom Bridge Capital team is with you every step of the way when selling your optometry practice. We will buy your optometry practice, and in return, you are given a promissory note from the trust that agrees to pay you monthly installments of your proceeds. The trust will then sell your practice to another buyer, and the proceeds are used to secure your promissory note.

By selling your practice to the trust, you are able to defer your capital gains taxes on the sale.

SELLING YOUR OPTOMETRY PRACTICE
THROUGH THE DEFERRED SALES TRUST

WHICH TYPES OF EYE CARE PRACTICES CAN BE SOLD TO THE DEFERRED SALES TRUST?

The Deferred Sales Trust can help sell optometry practices and ophthalmology practices and can defer the capital gains taxes on your sale.

HOW DOES THE DST DEFER CAPITAL GAINS TAX ON THE SALE OF MY EYE PRACTICE?

The Deferred Sales Trust uses a recognized deferral method called a 453 installment sale. Found in Section 453 of the Internal Revenue Code, this “installment sale” can legally defer capital gains taxes on the sale to a later date. The reason for this is that you are not receiving your profits like you traditionally would. Instead, the trust will give you a promissory note that outlines a monthly payment structure. Once the sale is complete, you will report the total sale income to the IRS using Form 6252..

WHICH ASSETS CAN BE USED TO SECURE MY PROMISSORY NOTE FOLLOWING THE SALE OF MY OPTOMETRY PRACTICE?

You can diversify the investments securing your promissory note. These can include:

STOCKS
BONDS
ANNUITIES
CDS
MUTUAL FUNDS
INDEX FUNDS
ETFS
REITS
PROPERTY
COLLECTIBLES

WHAT IF I NEED SOME OF THE SALES PROFITS?

You may want to take some of the profits of your practice sale to pay for living expenses, traveling, or other costs. The Deferred Sales Trust gives you the option of taking constructive receipt of some of your sales proceeds. For example, let’s say you take 25% of your profit upfront. You would need to pay capital gains tax on that 25% only. The trust could invest the other 75% of your profit and defer capital gains tax on that 75%.

CAN I PASS DOWN MY PROMISSORY NOTE TO MY FAMILY?

Yes. The team at Freedom Bridge Capital will work closely with you to develop a wealth transition strategy to best support your family. We can craft your living will, name your beneficiaries for your note, and choose an investment strategy that can create a stream of passive income for your heirs.

SCHEDULE YOUR FREE VIDEO CONSULTATION

A ONE-ON-ONE WITH OUR DST TRUSTEE

Schedule a free video consultation with our deferred sales trust specialists today! Our estate planning team offers complimentary DST analyses to determine your estimated tax savings using the deferred sale trust investment strategy. We’re here to answer any questions you may have about the deferred sales trust and help you get started on the sale of your company, practice, or property.

Select the Man

HOW DO I LEARN MORE ABOUT SELLING MY EYE PRACTICE TO THE DEFERRED SALES TRUST?

The Freedom Bridge Capital team would be happy to speak with you in more detail regarding selling your optometry practice to the Deferred Sales Trust. Please give us a call at 800-897-0212 or request your free DST analysis today by filling out the form below.