Business Exit Planning
in Arlington Heights, IL.
You built something worth selling. Now make the proceeds last.
For most business owners, the sale is the retirement plan. The proceeds have to replace the salary, the benefits, and the income stream you've depended on for decades. That's a high-stakes transition, and it requires more than just a financial advisor who handles 401(k)s.
At our firm, we've guided business owners in Chicago's Northern Suburbs through exits and liquidity events for nearly 50 years. We know the questions to ask before you sign, and the mistakes to avoid after the wire hits.
What this looks like in Arlington Heights.
Arlington Heights has a diverse and active business community along Route 14, Rand Road, and the commercial districts surrounding the downtown Metra station. Business sellers in Arlington Heights frequently operate service businesses, professional practices, or specialty retail establishments, and the post-sale retirement plan must account for Cook County property taxes and the community's practical cost of living.
The county details.
Cook County business sellers face a tax environment with two important state-level considerations. Illinois taxes capital gains at the flat 4.95% rate with no preferential capital gains treatment, adding to the federal capital gains tax on the full gain. On a $3 million gain, the Illinois tax alone is approximately $148,500. The Illinois estate tax is equally important: business sale proceeds that substantially increase net worth can push a Cook County family well above the $4 million Illinois exemption, making pre- and post-sale estate planning essential. We address both the Illinois capital gains exposure and the post-sale estate tax picture before any deal closes.
Why Arlington Heights.
Arlington Heights draws retirees from across the northern collar counties who want walkability, amenities, and easy travel access without the price tags of lakefront communities. Many clients are downsizing from larger suburban homes nearby. We help them structure the sale of appreciated real estate, plan the investment of the proceeds, and build income plans designed around an active, community-oriented retirement.
Things Arlington Heights families ask.
Down the shore.
Talk to a Arlington Heights
advisor.
One free conversation about business exit planning, at your kitchen table, our Evanston office, or a video call.