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Small-business owners should consider any real estate owned by their business integral to the success of their personal financial plan. Real estate owned by a business can provide unique tax benefits and offer an inflation hedge. These benefits are different during one’s working years and retirement years. They should be considered as part of a transition when one sells their business to retire.
While running a small business, owners must balance responsibilities to their employees, customers and families with building a strong financial future for themselves. Adding the headaches that come with owning property relative to renting may seem like an unnecessary burden. However, the unique benefits provided by real estate to business owners may be worth the hassle.
