Mergers & Acquisitions

Resources: M&A Talk Podcast

At M&A Talk we bring you exclusive interviews with experts in business sales, valuations, mergers and acquisitions and more. We talk to the most experienced professionals in the industry to uncover their secrets.

Defer Capital Gains Tax With 1031 Exchange

Defer Capital Gains Tax With 1031 Exchange

Chris Cali

Transactional Attorney

If you own property as part of your business and you’re considering selling your company, you may want to think about using that real estate to help you put off paying any capital gains taxes you may owe. The 1031 Exchange has been around for several years. However, many entrepreneurs are not familiar with the ins and outs of this provision of the IRS tax code. Chris Cali is a business attorney and an expert in commercial real estate matters. On this edition of “Deal Talk,” Mr. Cali explains the 1031 Exchange in detail and clarifies which situations and what kinds of property qualify for the provision. The 1031 Exchange may not eliminate taxes, but it could possibly save you tens of thousands through tax deferrals.

Guest Profile

In my experience I have handled a wide range of issues for clients in matters of real estate, general corporate, commercial, estate planning, probate, tax, and bankruptcy. Additionally, I have served residential and commercial clients as a real estate broker. I co-owned a franchise and managed a team of twelve agents prior to embarking full time on my legal career.

My clients include small and mid-sized businesses and their principals, condominium associations, chambers of commerce, and real estate developers and investors. I have worked in the real estate industry for over ten years and draw on my experience as both a real estate broker and attorney to provide comprehensive strategy, insight and counsel to my clients.

While the Illinois Supreme Court prohibits lawyers from claiming a specialty, I do concentrate my practice in the following areas: Business planning including choice of entity, capital structure, and general corporate matters, ongoing business representation involving a wide variety of corporate and commercial matters, residential and commercial real estate closings, residential and commercial leasing, landlord/tenant disputes, real estate litigation, condominium association representation, real estate tax appeals, a wide variety of estate planning, and representation of executors, heirs and other parties in the administration of both intestate and testate decedent’s estates.

Address:   Chicago, Illinois

Company website: http://llflegal.com/

Linkedin: https://www.linkedin.com/in/cdlrealty/

A Roadmap to the Successful Sale of Your Business (152 pages)

A Roadmap to the Successful Sale of Your Business (152 pages)

You could spend a lifetime figuring out how to successfully sell your business and still end up confused or clueless. What if you can stop the guesswork and start taking action now?

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