Business Transition Services, Inc. (BTS) was founded by Dr. Gary Ackerman in 2001 and has provided consulting services for business sellers since that time. Typical planning areas include tax efficient sale planning of IRS Section 1031 Real Estate exchanges, as well as tax efficient planning of business sales through Deferred Sales Trust Installment Sales, Family LLC Self-Directed Installment Sales and 721 Exchange business mergers. Also included is planning of 1033 condemnation exchanges and 1035 life insurance and annuity exchanges. All of these are techniques which might help a seller to defer taxes on a sale and/or roll over assets in a tax deferred manner into a future appropriate real estate or securities investment.
BTS has worked with many diverse groups in planning their transactions, from individuals to partnerships to corporate entities (LLCs, S-Corporations, C-Corporations) to trusts (Revocable, family, Irrevocable Life Insurance (ILIT) trusts). In many circumstances where there are multiple partners, family members or stockholders, planning is first done on an individual basis and then wrapped in an overall plan which meets the individual objectives. BTS or its subsidiaries may serve as a principal to partner in a mutually beneficial manner with family entities for purchase of separate private or family assets.
BTS also has a school which is certified to teach continuing education on transition and tax deferral strategies to many professions including CPAs, attorneys, Certified Financial Planners, realtors, dentists and veterinarians. Dr. Ackerman has authored articles on real estate issues of health care professionals and practice transitions in multiple trade magazines and management books, and is also featured on several trade web sites.