Independent Pharmacy Consulting Group, LLC


If you are considering selling your pharmacy or looking to purchase a pharmacy now or at some date in the future, it is never too early to begin preparing for the transition. Buying, selling, or expanding your pharmacy is a complex process that requires professional expertise and experience.

That expertise and experience is recognized in the alliance that Cardinal Health has with Lawrence C. Barrett of Independent Pharmacy Consulting Group LLC / Sagemark Consulting Private Wealth Services. Our expertise and experience, coupled with our extensive resources, can help you determine how the transition of your pharmacy will impact your personal wealth.

Mitigating Taxes

Tax rates on income, capital gains and dividend income have increased effective January 1, 2013. These tax increases could deplete a significant portion of your net-worth if selling your pharmacy, leaving you and ultimately your heirs with a fraction of its total value. Understanding the tax laws and careful planning could reduce the tax paid for you and your loved ones.

If preparing your exit strategy or contemplating one, have you considered what impact taxes will have on the transfer of your business? After taxes, will you have sufficient assets remaining to sustain your desired standard of living for the remainder of you and your spouse’s retirement? How will the sale of your pharmacy impact your personal estate planning?

When developing an exit strategy, it is essential that you understand how taxes will affect the sale of your pharmacy, as well as its impact on all areas of your personal financial planning. The best approach is to develop a coordinated financial plan that incorporates both your business and personal financial planning, and one that allows you to make informed decisions about your future.

Lawrence C. Barrett of Independent Pharmacy Consulting Group LLC / Sagemark Consulting Private Wealth Services will help you answer the following questions:

  • How do I sell my business to a third party with reduced taxes?
  • Should I structure the sale as a stock or asset sale?
  • If I own a C-Corporation, will I face double taxation?
  • How do I transfer my business to “insiders” (family, employees or co-owners) while minimizing my taxes and maximizing my financial security?
  • How do I maximize the income stream generated by my business – both before and after I leave my business
  • Will I have sufficient capital to protect my family?
  • What are my potential estate settlement costs?
  • Can I reduce these costs?
  • Can I freeze these costs?




Hello future?

Taxes, living expenses, inflation, and death are about the extent of what people can predict about their future. But what if you could get a realistic perspective on the ability of your income and assets to help meet your long-term needs and objectives? What if you could analyze a variety of “what-if” scenarios to prepare for various contingencies the future might hold? Cardinal Health’s alliance with Independent Pharmacy Consulting Group LLC / Sagemark Consulting Private Wealth Services allows you to analyze and understand what impact the recent economic conditions could have on your ability to retire.

We will help you answer these questions and more:

  • Do I know the long-term impact of taxes and inflation on my retirement?
  • What is my annual cash flow for the full length of my life expectancy?
  • What is my net worth? What are my total savings?
  • How do I hold on to my money instead of paying taxes?


Our Services Provided Since 1971

Our financial plans include a comprehensive evaluation and analysis along with written

recommendations in one or more of the following areas:

  • Business Owner Planning: As a business owner, we help you to decide whether to keep or sell your interest at death, disability or retirement. Whatever your decision, we assist you in retaining its value for you and your family. We will also evaluate the tax consequences of your options and help you reduce their impact at the time of transfer.
  • Retirement Planning: With retirement often lasting for 20 years or more, many of our clients are concerned about outliving their savings. To avoid a savings shortfall, it is critical to spend time now to help ensure that you will have the capital to afford the retirement lifestyle you desire. We'll help you choose the appropriate techniques to accumulate wealth for retirement income and offer sound alternatives for asset allocation and income distribution following retirement.
  • Estate Planning: Estate taxes can significantly shrink the size of your estate. Proper planning is critical to help minimize estate settlement costs and helps provide a comfortable living for your family. We provide advice on issues including property ownership, distribution strategies, estate tax reduction and tax payment techniques.
  • Investment Planning: In today's economic environment, obtaining investment information is easy; choosing the investments that are appropriate for you is much more difficult. We assist you in identifying your investment objectives, evaluating your risk tolerance, analyzing your current portfolio, developing an appropriate asset allocation strategy and recommending various alternatives tailored to help meet your individual needs and goals.