if they're really in a hurry, and they can't even wait a week or two to get everything structured properly. What we tell them to do instead is at a minimum, set up an LLC that we can utilize to help us with this instead of the sale being from the individual or the trust or the current day. under D, make the documents say that the new LLC is going to be the seller of the business, we're not going to be able to do that quickly enough to get 100% of the capital gains taxes eliminated. But they'll still get 90%, which is better than nothing. But even if we do it that way, we gotta get the assets into the entity that's gonna get money at sale. So, typically, what it looks like is we set up the business, we set up the personal trust, we get the current entity, restructured as an LLC quickly, by filing a Form 8832 with the IRS, it allows you to change the tax structure of the business. A lot of times are set up currently as an S corp. Underlying the S Corp is an LLC. So it's an LLC with an S corp election, we can file a Form 8832 did change the tax structure from being an S corp to being a partnership. That's an easy change, then we don't have to do anything different with the entity, we leave the entity alone as an LLC. But once it's filed, then we can start conveying the assets of the LLC, first to the owner, then to the personal trust. Now we set it up as a sale of the business is an asset sale from the trust to the third party. Done That way, we get rid of all of the capital gains taxes. With most businesses, we can do it with a single bill of sale to convey all of the assets of the business to the personal trust. What we do need to be careful of and you want to tell the clients talk to their tax advisor on it is if they're not going to convert to an LLC, taxed as a partnership, if they then want to get assets out of either an S corp or a C Corp, so that they can convey them to the personal trust, there's almost always going to be a tax consequence from it. Because the IRS rules say that an S corp selling the assets to a shareholder has to sell at fair market value not at basis. That can be tricky. And that's why we convert it to a partnership. First, an LLC taxed as a partnership, then we don't have to worry about it. We can do an income distribution of equity, do what used to be a shareholder, that's now a member. And we can do that at basis so that they can then convey to the personal trust at the same value. And we don't have negative tax consequences to get the assets into the trust. The other thing we have to remember to tell the client is if they signed any kind of an agreement prior to the inception, date of the trust, the only way they're gonna be able to take the tax mitigation benefits the trust can give them is if they ditch that contract and after INCEPTION DATE enter into a new contract. That doesn't matter whether it's a letter of intent, whether it's the actual agreement of sale can take many different forms. But none of the documents selling to the third party can predate the date of the trust. It's really bad to let them just go ahead and leave everything as is just because it hasn't closed if it wasn't in the name of the trust. And for most clients, they didn't even know trusts could do what our trusts can do. So almost always, if they're in the middle of a sale, it's already underway in there some sort of a letter of intent or other contract in place. And it's just too risky to them, to let it sit there with part of the transaction outside of the trust and the closing inside of the trust. So they have to scrap that agreement and get it redone.