Webinar: Tax Implications of Selling Your Insurance Book of Business

Have you ever wondered how taxes work when selling your book of business?

This 30-minute webinar with John Hockaday, COO & Principal of New Horizons, and Andy Thomas, Partner at MCK-CPA and Advisors, will arm you with all the information you need to make an informed selling decision.

John and Andy will answer questions like:

• Should I be worried about taxes when selling my agency?
• What does it mean for the sale of your business to be treated as goodwill?
• What does it mean for the sale to be treated as ordinary income?
• How does New Horizons structure the tax part of this when buying a book of business?

As always, the webinar is completely open for questions throughout, and we hope to see you there!

Your Presenters

John Hockaday is the COO & Principal of New Horizons Insurance Marketing. He began servicing clients in the 80s and subsequently started a local agency followed by a national marketing organization. He has led the acquisitions initiative and has purchased six books of business in the last three years.

Andy Thomas is a Managing Partner at the CPA firm May, Cocagne, & King, which has three locations in central Illinois (Decatur, Monticello, and Bloomington). Work concentrations include tax planning and compliance, consulting for the purchase and sale of businesses, and general business consulting. Despite being located in central Illinois, Thomas remotely assists independent agents across the country.