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Podcast: Financial Planning Before Selling Your Law Firm

Nick Murphy, CFP®

Selling a law firm (or any business) involves more than finding a buyer and agreeing on a price. It's also about understanding what that sale means for your financial future.

Counterweight Private Wealth Founder and President Nick Murphy, CFP®, recently joined Tom Lenfestey of The Law Practice Exchange on The Exchange podcast to discuss the financial considerations that often get overlooked during a business exit.

From taxes and deal structure to retirement income and life after ownership, their conversation explores why financial planning should begin well before a sale and how having the right team involved early can help owners make more informed decisions.

Listen to the full conversation below.

 

Counterweight Private Wealth is a Registered Investment Advisor (RIA) with the Securities and Exchange Commission (SEC) with its principal offices in Raleigh, NC and Wilmington, NC. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Counterweight Private Wealth only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Counterweight Private Wealth’s current written disclosure brochure filed with the SEC which discusses among other things, its business practices, services, and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.

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