Thank you for your interest in making a gift to Scripture Union through the sale of your business. We greatly appreciate your love and support of this ministry.
There are numerous options for making gifts and consequently saving taxes when selling a business. First and most importantly is to talk with one of our Stewardship Ministry representatives prior to arranging a sale. The reason for this is because your options become limited once you have entered into an agreement to sell.
It’s possible to receive significant tax benefits by giving business assets away to ministry prior to sale. And many business owners are looking to give back to the Lord or tithe from the sale of a business. This would include C-Corporations, LLCs, Partnerships, and Proprietorships. Professional corporations are typically excluded due to the nature of ownership. However, these types of gift arrangements are complex and need to be researched and dealt with individually taking into account the donors goals and particular circumstances. This makes it far too difficult for us to cover these issues in a single page. So, if you would like to know more, please click here to contact one of our Stewardship Ministry representatives.
© Copyright 2004, Stewardship Concepts, Inc. Used by permission