In this scenario, the firm is being sold to a group and the departing owner needs to be replaced at the same cost. None of this departing owner's compensation should be added back.
In this scenario, the firm is being sold to a group and the departing owner needs to be replaced at the same cost. None of this departing owner's compensation should be added back.
Example, if the departing owner's W2 and Benefits total equals $300,000 and you are going to replace him or her with an individual making the same salary and benefits, you would enter $0 to the Owners W2 and Benefits Addback field.