Selling a Stake in a Marina — How a Split-Structure Sale Saved the Owner $44,000 in Taxes

Client Profile

Sole owner of a privately held waterfront marina with over 20 years in operation. The owner held the business through a combination of an operating business entity and personal ownership  a structure that had developed organically as the business grew over the years.

The Situation

After two decades of building the marina, the owner reached a turning point and needed liquidity capital for facility upgrades, personal financial goals, and long-overdue cash distributions from the business. Rather than taking on debt, he explored bringing in an outside investor. A qualified buyer came forward with a clean offer: $1,000,000 for a 25% stake in the marina. The valuation was strong, the terms were acceptable, and the owner was ready to move forward. The problem wasn't the deal. The problem was the tax bill that came with it.

The Issue

Because ownership was split between a business entity and personal holdings, structuring the sale as a single transaction would have triggered an unfavorable tax result. Treating the full $1,000,000 as one event would have:

  • Pushed a significant portion of the gain into a higher federal tax bracket
  • Eliminated the ability to utilize lower long-term capital gains rates on certain portions
  • Combined business and personal gain in a way that overstated taxable income for the year

The result: an estimated tax liability of approximately $127,400 far more than it needed to be.

What We Did

Our team conducted a full review of how ownership in the marina was legally structured across both the business entity and personal holdings. We identified that the $1,000,000 transaction could be separated into two distinct components:

  • A partial stake sale sourced from the business entity, structured to capture available deductions and entity-level cost basis
  • A partial stake sale sourced from personal ownership, timed and allocated to optimize individual capital gains treatment

By allocating the $1,000,000 across both layers of ownership rather than recording it as a single lump transaction, we kept each portion of the gain in a more favorable tax bracket, maximized available exclusions, and avoided the stacking effect that drives investors into higher rates.

The investor received his 25% stake. The deal closed on the same terms. Only the sourcing of the sale changed and that distinction made all the difference.

Result

  • Tax liability reduced from ~$127,400 to ~$83,200
  • Total tax savings: ~$44,000
  • Deal closed on identical terms  no renegotiation, no timeline changes
  • Owner gained clarity on how his blended ownership structure affects future transactions

Outcome for Client

The owner closed the deal with his investor on exactly the terms he wanted $1,000,000 for a 25% stake  and walked away with $44,000 more in his pocket. The restructure required no changes to the deal itself. It required only a careful look at how the transaction was sourced and recorded across the two ownership structures.

Takeaway

If you own a business across multiple structures an LLC, S-corp, or a mix of entity and personal ownership the way a transaction is sourced can dramatically affect your tax bill. Most owners don't realize they have options until after the deal closes. We review the full picture before any transaction is finalized, so you keep more of what you've built.