How To Sell An Insurance Agency

As you may already know, President Biden wants to raise capital gains' taxes and he may or may not succeed in his efforts. He's proposing to boost taxes from a maximum of 20% to nearly 40%. If you've been holding off selling your insurance agency, now may be the time to get out. Otherwise, you may end up paying an extra 20% of the gain on the sale of your agency to the government unnecessarily.

If you have any questions about taxes and the process of selling your agency, please send an email to: [email protected].

Many of you are seeking to buy an independent P&C agency but are having a hard time finding one for sale. Please talk to us here at Ron Christopher Co., Inc. about doing a proactive search as it's only $75 per hour. Results are guaranteed.

Contact Joel Farley at:

[email protected]

Whether you are buying or selling an insurance agency, the allocation of the purchase price should be brought up early in the negotiations. How things are allocated will affect future taxes paid by buyer and/or the seller.

"The Complete Guide to Selling a Business" is an excellent tool for understanding the subject further. We highly recommend that you get a copy of the book before you buy or sell an agency.