Podcasts about qsbs

R. Kenner French discusses five essential tax hacks for entrepreneurs that can significantly lower their tax liabilities and enhance their financial strategies. He emphasizes the importance of understanding defined benefit plans, installment sales, captives, IRS 1202 QSBS, and R&D tax credits. Each of these strategies offers unique benefits for business owners looking to optimize their finances and grow their businesses. Kenner also encourages entrepreneurs to seek knowledgeable advisors to navigate these complex tax issues effectively.Takeaways• Five tax hacks can help entrepreneurs save money.• Defined benefit plans can lower taxes while building retirement savings.• Installment sales can reduce tax liability when selling a business.• Captive insurance can lower both risk and tax liability. IRS Section 1202 QSBS can minimize tax impacts for C corporations.• R&D tax credits are available to support innovative businesses.• Consulting with knowledgeable advisors is essential for success.• Strategic tax planning can significantly increase net worth.• Entrepreneurs should proactively seek available tax benefits.• Understanding these strategies is vital for long-term business growth.Sound Bites• Five tax hacks for entrepreneurs.• R&D tax credits can save you money.• Make you money in the end.Listen & Subscribe for More:

Brent talks about what tax planning can happen AFTER the client has already signed the deal to sell a large asset. He talks about the difference between income and estate tax planning. He then discusses terms of the deal, installment method, QSBS, charitable giving, charitable lead annuity trusts, and how discounts may still be available on gifts, even after the ink is dry.

At Interplay, I've spent years working with entrepreneurs who are driven to build, scale, and make an impact - but too often, legal structuring gets overlooked in the frenzy of product development and fundraising. I've seen firsthand how costly early legal missteps can be so we brought on legal expert Eric Broad of Bowery Legal on to the pod to demystify early stage startup legal questions from entity type selection to the nuanced tax advantages like QSBS that most founders only hear about once it's too late. Our goal at Interplay is to equip founders with practical insights so they can focus on growing transformative businesses without getting tripped up by preventable legal issues. Whether you're about to raise your first dollar or just brainstorming your MVP, this conversation will help you make smart, strategic choices. We cover the why behind Delaware's dominance, when to hit the "incorporate" button, and why trying to hack the system with clever workarounds rarely works in your favor. I hope this deep dive helps founders avoid headaches and build with confidence.Links:Eric Broad: LinkedInBowery Legal: Website, LinkedInPhuong Ireland: LinkedInBook: The Fundraising RulesInterplay: Website, LinkedIn, TwitterMPD: LinkedIn, Twitter

In this special episode of The Liquidity Event, BKFi leaders John and AJ interview tax attorney Christopher Karachale about Qualified Small Business Stock (QSBS) - a powerful tax benefit allowing founders to exclude up to $10 million (or more) from capital gains taxes when selling shares. Key Timestamps: 1:50 - What is QSBS? The $10 million exclusion explained 3:16 - History of QSBS: From 1992 to today's 100% exclusion 8:15 - Qualification requirements: Company & shareholder criteria 11:13 - "Qualified trade or business" explained 12:18 - Prohibited business categories 14:14 - Tips for founders to qualify for QSBS 18:30 - LLC conversion strategies for QSBS 20:45 - Fixing past entity mistakes to qualify 22:54 - LLC to C-Corp conversion: FMV basis benefit 26:15 - 1045 rollovers: Strategy for selling before 5 years 29:04 - QSBS stacking: Advanced strategies with trusts 35:38 - Practical advice for early-stage founders Connect with us: Email: liquidityevent@brooklynfi.com Leave a voicemail: memo.fm/liquidityevent Don't forget to like, subscribe, and leave a review! New episodes every Friday. #FinancialAdvice #IPO #StartupTips #AIInfrastructure #Entrepreneurship  

This episode is brought to you by ⁠Boulay, the industry standard for Quality of Earnings, tax, and audit services, serving search fund entrepreneurs for 20+ years⁠*This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Oberle Risk Strategies⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: Insurance Broker and Insurance Due Diligence Provider for Search Funds and Other Small-to-Medium-Sized Businesses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  *   As an American searcher, are you aware that you might be able to receive $10M+ of your exit proceeds completely free of federal tax? As a Canadian searcher, are you aware that you might be able to receive $1M+ of your exit proceeds completely free of federal tax? If you're not, then you might want to give this episode a listen. We split today's episode into two parts: The first half will focus on US searchers and investors, and will explore the QSBS program (aka Section 1202) offered by the US federal government. The second half (starting at the 47 minute mark) will focus on Canadian searchers and investors, and will focus on the CCPC program and the lifetime capital gains exemption offered by the Canadian federal government. Both programs have the potential to be incredibly lucrative for searchers and investors alike, though both remain unfamiliar to many. I hope this episode plays a small role in changing that. Timestamps - USA: 0:00 - 47:00- Canada: 47:00 - 1:11:00

Send us a text

Origins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to unpack her recent conversation with Jessica Archibald, a GP at Top Tier Capital. They discuss Jessica's engineering-based analytical approach to answering the question “what makes a franchise?” and discuss some surprising things they learned - Jessica's view that there's only one real way to do succession, the importance of breaking good and bad news in a way that creates a performance culture, and whether or not they're going to adopt Jessica's policy of assigning letter grades to funds at Sapphire Partners. Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners Learn more about OpenLP: openlp.vc Learn more about Asylum Ventures: asylum.vc Learn more about Top Tier Capital Partners: ttcp.com Read Laura Thompson's blog on why venture reserves aren't always a good thing: sapphireventures.com/blog/dirty-secret-venture-reserves-are-not-always-a-good-thing/ Read Laura Thompson's blog on fund recycling: sapphireventures.com/blog/fund-recycling-moves-the-needle-for-both-lps-and-gps-heres-how/ Read Laura Thompson's blog on QSBS: sapphireventures.com/blog/how-lps-gps-and-founders-can-leverage-qsbs-to-make-more-money/ Subscribe to the OpenLP newsletter for a monthly roundup of the latest venture insights, including the newest Origins episodes, delivered straight to your inbox. CHAPTERS: (0:00) - Intro (1:08) - Jessica Takes It In a Different Direction (3:41) - Communicating with your LP base (So There Aren't Surprises) (7:15) - Franchise Funds Are Intentional (9:44) - Getting to 1x DPI in Nine Years (15:55) - 2x is the new 3x (19:43) - Giving Funds Letter Grades

Origins host Beezer Clarkson sits down with her colleague Laura Thompson, fellow LP and Partner at Sapphire Partners, to discuss her recent conversation with Stephen Bluestein, Partner of Primary Investments at Adams Street and formerly Packard Foundation, about what it takes to make (and potentially later break) a franchise fund in venture. Together, Beezer and Laura debrief their top takeaways, including: do the hallmarks of a franchise differ between GPs and LPs (or even amongst different LPs); how does a franchise produce a lights-out 5x or 10x fund at their fund size; is a consistent 2x net good enough; parallels of sports franchises; and, does the right to win with the best founders mean you will then deliver the best returns? Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners Learn more about OpenLP: openlp.vc Learn more about Asylum Ventures: asylum.vc Learn more about Adams Street Partners: adamsstreetpartners.com Read Laura Thompson's blog on why venture reserves aren't always a good thing: sapphireventures.com/blog/dirty-secret-venture-reserves-are-not-always-a-good-thing/ Read Laura Thompson's blog on fund recycling: sapphireventures.com/blog/fund-recycling-moves-the-needle-for-both-lps-and-gps-heres-how/ Read Laura Thompson's blog on QSBS: sapphireventures.com/blog/how-lps-gps-and-founders-can-leverage-qsbs-to-make-more-money/ Subscribe to the OpenLP newsletter for a monthly roundup of the latest venture insights, including the newest Origins episodes, delivered straight to your inbox.

Learn how to minimize taxes and maximize your wealth. Curious about how successful entrepreneurs hold onto more of their money and grow their wealth? In this episode, we focus on tax optimization and financial planning strategies, covering everything from tax-saving structures to leveraging offshore and domestic opportunities. Whether you're planning an exit, exploring international investments, or securing your income, you'll gain valuable insights to prepare for the future. Today's guest, Vincenzo Villamena, founder of Online Taxman, is an expert in tax preparation, accounting, and offshore structuring. With Big 4 experience, private equity advising, and expertise in real estate and international transactions, Vincenzo brings valuable insights on protecting and growing wealth. Based in Rio de Janeiro, he offers a global perspective you won't want to miss. In this episode you will: Proper tax planning can save entrepreneurs millions, especially when preparing for a business exit. Offshore structuring offers significant tax benefits, including reduced rates and income exclusions for U.S. expats. Relocating to Puerto Rico provides unique tax advantages, such as a 4% tax rate and zero capital gains tax for qualifying income. Asset protection strategies, like international trusts, safeguard wealth from potential legal risks and frivolous lawsuits. Entrepreneurs should clean up financial and legal records well in advance to avoid complications during due diligence. Subscription models and low churn rates increase a business's valuation and attractiveness to potential buyers. Long-term planning, including leveraging QSBS and 1031 exchanges, can maximize tax savings and investment returns. All this and more, on this week's episode of Beyond 7 Figures. Links: https://onlinetaxman.com/ https://predictableprofits.com/ https://www.youtube.com/@PredictableProfits https://www.facebook.com/PredictableProfits https://www.linkedin.com/company/predictable-profits/

Nick Chirls, GP at Asylum Ventures,  and Beezer Clarkson, LP at Sapphire Partners go deep into their recent conversation with Wesley Chan, the Co-Founder and Managing Partner of FPV Ventures. They unpack Wesley's direct learnings from Sergey Brin coming up at Google, how it is the job of the investor to spot greatness, his views on company pivots (and how they oppose another recent guest, Mike Maples' views on pivots), the difficulties of thinking independently in Silicon Valley, and the serendipitous way Wesley and Sapphire Partners wound up working together in the first place. Plus Nick, it turns out, is kind of a tax guy. He and Beezer discuss the hidden benefits of being an expert on QSBS. Learn more about Sapphire Partners: sapphireventures.com/sapphire-partners Learn more about OpenLP: openlp.vc Learn more about Asylum Ventures: asylum.vc Learn more about FPV Ventures: fpvventures.com Read Laura Thompson's article on QSBS: sapphireventures.com/blog/how-lps-gps-and-founders-can-leverage-qsbs-to-make-more-money/ Listen to Mike Maples & Jai Das discuss pivots: open.spotify.com/show/23H0tOX63xMChV2SErQKnZ?si=a9aab8b3e4c34dde Subscribe to the OpenLP newsletter for a monthly roundup of the latest venture insights, including the newest Origins episodes, delivered straight to your inbox.

Host Gary J. Ross discusses the Qualified Small Business Stock (QSBS) exclusion with Roger Royse, partner in the Palo Alto office of Haynes and Boone, LLP. Gary and Roger go over the history of QSBS, and Roger talks about how important QSBS is today to investors in emerging companies. The various QSBS requirements are described, including the necessity for being a C corporation, the holding period and how it is counted, and the growth assets test. Roger closes out the episode by noting common pitfalls of QSBS such as delays in incorporation or exercising options, S-elections, company distributions, and secondary sales.

 Is It Time To Upgrade Your Tax Team?  Forward Thinking Tax Strategies  Ready to unlock the tax secrets that could save you thousands and accelerate your business growth? Join Marcia Riner and tax expert David Snider, CEO of Harness Wealth, as they dive into tax strategies that go beyond mere compliance. Think your current tax team has your back? Think again. From choosing the right business structure to discovering little-known tax incentives, David sheds light on ways your tax strategy might be holding your business back. Whether you're planning to expand, acquire, or even sell, this episode will open your eyes to how proactive tax planning can be a powerful growth engine. It's time to think forward and ask: Do you have the right tax team to get you there? Key Talking Points & Timestamps [00:02:05] Meet David Snider David's impressive journey from Bain Capital to founding Harness Wealth. How his experiences drive his mission to make tax and financial guidance accessible. [00:03:30] Business Structuring for Tax Optimization Understanding the impact of business structure on taxes, from QSBS benefits to choosing the right entity. [00:06:40] Differences Between Tax Planning & Compliance David outlines the proactive nature of tax planning vs. typical compliance, emphasizing the value of ongoing advisory. [00:09:15] Real-Time Tax Strategy How “safe harbor” rules, estimated taxes, and cash flow timing can protect your business from unexpected liabilities. [00:12:40] Entity Choice & Tax Advantages Post-2017 Tax Cuts implications and benefits of alternative structures like multi-member LLCs and S-Corps for reducing state taxes. [00:16:55] Proactive Tax Advisory for Business Growth The importance of having a tax advisor who's actively monitoring your business goals, potential industry changes, and tax policy shifts. [00:22:25] Leveraging Tax Advisors as Strategic Growth Partners From R&D credits to location-based incentives, David discusses the tax tools that can significantly lower operational costs for growth. [00:25:30] Specialized Advisory for Niche Markets Why niche-focused tax advisors, who understand the unique needs of your industry, can boost growth faster than a generalized approach. [00:27:40] Outsourced CFO Services When and how businesses can benefit from outsourced CFO support as part of their tax advisory for financial forecasting and strategic cash flow management. Conclusion: If you're still wondering whether your current tax team has what it takes to drive your business forward, this episode is your wake-up call! David Snider reveals the possibilities that come with having a proactive, forward-thinking tax advisor in your corner—someone who can help you navigate tax policies, optimize cash flow, and fuel your company's growth goals. With the right tax team, you're not just saving money—you're setting your business up for lasting success. Take advantage of David's exclusive offer and get a complimentary consultation at https://harnesswealth.com/Marcia. Remember, the best investment you can make is in a tax strategy that aligns with your vision for growth!   Subscribe & Learn More: Don't miss future episodes of Profit with a Plan, where we share tips and strategies to grow your business and increase profitability. Subscribe on your favorite podcast platform      These notes are optimized for keywords such as Forward-thinking tax strategies, Business tax planning, Outsourced CFO for small business growth, Optimize taxes for business growth and Tax team for business sale planning.     This episode is sponsored by Infinite Profit ® —We don't just talk profit — we deliver it! Is your business ready for explosive growth? Visit InfiniteProfitConsulting.com to learn how Marcia and her team can help you boost profits and set your business up for long-term success.     Grab Your Free Resource: Looking to supercharge your profits? Download Marcia's Profit Booster Playbook at BoostingProfit.com to uncover three essential strategies to increase your bottom line today.     About Marcia Riner.  She is a business growth strategist who helps business owners dramatically increase their revenue, profit, and the value of their company. In fact, she can show prospective clients a clear pathway to profit and an impactful ROI for working here before hiring her firm. Through her proven Profit Booster® strategies, she gets results. Marcia is the CEO of Infinite Profit® and more information can be found at https://www.InfiniteProfitConsulting.com Got questions?  Reach out to Marcia and her team at (949) 229-2112 ♾️

Charley Ma and Mahdi Raza are the Co-founders of Pathlight Ventures, and were early employees at five unicorns, Plaid, Ramp, Alloy, Robinhood, and Stytch. They share tactical advice for early stage startup employees, lessons getting Plaid and Ramp their first customers, and deciding to build Pathlight together. Timestamps(00:00) Intro(02:30) Growing up in basements(05:15) Charley's journey to first biz hire at Plaid(15:01) Advice on being a good startup employee(19:34) Mahdi's path to Robinhood(26:33) Deciding between joining an early or late stage startup(32:39) Why Charley joined Plaid despite VCs telling him not to(38:52) Benefits of case studies in hiring(39:58) Why every hyper growth company is a shit show(44:24) Startup comp: equity, QSBS, early exercise, vesting(49:59) Joining Ramp as the first Head of Growth(58:35) How Ramp got its first customers(01:02:06) Advice and common traps on early GTM strategies(01:05:04) Why $1M ARR does not mean you have PMF(01:06:51) Meeting when Robinhood bought, churned, then returned to Plaid(01:09:54) Deciding to build Pathlight together(01:23:06) Raising Fund 1 in 2021 and how bad timing almost killed it(01:29:55) Reasons founders work with Pathlight(01:32:04) Why most investors add no value and give bad advice(01:36:44) Founders Pathlight invests in + Artie case study(01:44:44) Competing with incumbent funds(01:53:57) Raising a $75m Fund 2 in 2023(02:02:22) Are Seed extensions good investments?(02:07:45) Discussing startup valuations(02:09:09) Mahdi's 10-minute market outlook (as of 8/8/24) Referencedhttps://www.pathlight.vc/https://plaid.com/https://robinhood.com/us/en/https://ramp.com/https://stytch.com/https://www.alloy.com/https://www.artie.com/ Follow CharleyTwitter: https://twitter.com/charleymaLinkedIn: https://www.linkedin.com/in/charleyma Follow MahdiTwitter: https://twitter.com/mahdirazamrLinkedIn: https://www.linkedin.com/in/mahdirazany Follow TurnerTwitter: https://twitter.com/TurnerNovakLinkedIn: https://www.linkedin.com/in/turnernovakNewsletter: https://www.thespl.it/  

In this episode of Weaver: The Alternative Edge, hosts Blayne Lowary and Vardeep Mann delve into the intricacies of Qualified Small Business Stock (QSBS). This conversation provides crucial information for investors and fund managers looking to maximize tax benefits through QSBS. Lowary and Mann bring valuable insights into how QSBS can be a significant advantage for non-corporate taxpayers, providing substantial exclusions on capital gains. Key Points: • QSBS can provide substantial tax exclusions, potentially excluding up to $40 million of gain from taxable income.• Claiming QSBS benefits requires proper documentation and portfolio company representation.• Investors should be aware of pitfalls like warehouse investments and subsequent closes, which may disqualify QSBS eligibility. Lowary and Mann discuss the key aspects and potential challenges of Qualified Small Business Stock (QSBS). They emphasize the importance of understanding QSBS eligibility criteria, including the need for proper documentation and portfolio company representations. “One of the requirements for stock to be eligible for QSBS is it has to be received upon original issuance,” Lowary said.Additionally, the discussion covers critical gray areas, such as the impact of convertible notes and SAFEs on QSBS eligibility and the complexities surrounding carried interest. “Convertible notes and SAFEs are a gray area, specifically regarding when the clock starts for the five-year hold period,” Mann said. This episode serves as an essential guide for those navigating the QSBS landscape. Subscribe and listen to future episodes of Weaver: The Alternative Edge, on Apple Podcasts or Spotify.©2024

Did you know there are tax advantages Congress put in place to spur entrepreneurship and investing in early-stage companies? In today's episode of The Angel Next Door Podcast, host Marcia Dawood sits down with Jeff Solomon, a seasoned CPA with over 35 years of experience, to unearth some of the most critical tax strategies that can significantly impact founders and angel investors alike. As they dive into the complexities of U.S. tax codes, they uncover and simplify valuable insights that can help maximize returns and minimize financial pitfalls for those investing in small, high-growth businesses.Jeff Solomon, a partner at Katz, Nannis and Solomon in Boston, specializes in working with tech-based and life science companies, including numerous angel and VC-backed startups. His firm, which boasts a team of 75 professionals, provides a comprehensive suite of accounting, auditing, and tax services aimed at helping fast-growth companies navigate the financial landscape. With decades of experience in advising entrepreneurs and investors, Jeff brings a wealth of knowledge and a unique perspective on leveraging tax codes to benefit early-stage investments.This episode is a treasure trove for anyone involved in angel investing or looking to understand the financial intricacies of high-growth startups. Marcia and Jeff discuss essential topics like Qualified Small Business Stock (QSBs), the critical 1202 tax exemption that can make $10 million in gains tax-free, and the nuances of the R&D tax credit. They also explore lesser-known strategies like the 1244 code for handling investment losses and the 1045 rollover to maintain tax advantages. Whether you're an experienced investor or just getting started, these actionable insights are pivotal in shaping successful investment portfolios. Don't miss out on this must-listen episode that demystifies complex tax strategies and offers practical tips for optimizing your investments. To get the latest from Jeff Solomon, you can follow him below!LinkedIn - https://www.linkedin.com/in/jeffreysolomon1/https://www.knscpa.com/ Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood

A few months ago, I raised a low 6-figure investment for Podscan. Here's the conversation between me and my investor, @tylertringas, that happened just before I signed the contract.You usually don't get to listen in for one of those. Today, you will.Tyler and I discuss how the Calm Company Fund navigates the alignment challenge between founders and investors, what makes a business like Podscan investable, and the risks of funding a portfolio of niche bootstrapped businesses.Tyler on X: https://x.com/tylertringas00:00:00 Bootstrapper-Compatible Funding00:06:23 Profit Sharing and Standardizing Investment Agreements00:12:53 Investor-Founder Alignment & Site Projects00:22:30 Side Project Management in Investments00:28:18 Early Stage Financing Investment Considerations00:40:50 Valuation and Investment Strategy Art00:48:19 Entrepreneurial Collaboration and Forward PlanningThis episode is sponsored by Acquire.comThe blog post: https://thebootstrappedfounder.com/negotiating-bootstrapper-funding-with-tyler-tringas/ The podcast episode: https://tbf.fm/episodes/328-negotiating-bootstrapper-funding-with-tyler-tringas You'll find my weekly article on my blog: https://thebootstrappedfounder.comPodcast: https://thebootstrappedfounder.com/podcastNewsletter: https://thebootstrappedfounder.com/newsletterMy book Zero to Sold: https://zerotosold.com/My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/My course Find Your Following: https://findyourfollowing.comHere are a few tools I use. Using my affiliate links will support my work at no additional cost to you.- Notion (which I use to organize, write, coordinate, and archive my podcast + newsletter): https://affiliate.notion.so/465mv1536drx- Riverside.fm (that's what I recorded this episode with): https://riverside.fm/?via=arvid- TweetHunter (for speedy scheduling and writing Tweets): http://tweethunter.io/?via=arvid- HypeFury (for massive Twitter analytics and scheduling): https://hypefury.com/?via=arvid60- AudioPen (for taking voice notes and getting amazing summaries): https://audiopen.ai/?aff=PXErZ- Descript (for word-based video editing, subtitles, and clips): https://www.descript.com/?lmref=3cf39Q- ConvertKit (for email lists, newsletters, even finding sponsors): https://convertkit.com?lmref=bN9CZw

Join us for a jam session where I break down several startup ideas from the SIP community. I'll share my insights on why these ideas are promising or problematic, and reveal the frameworks and strategies I'd use to grow these businesses. In this episode, we explore diverse opportunities, including affiliate websites, loyalty programs, DTC brands, and more. Discover the evaluation techniques and growth strategies that can help you build your next successful startup. Whether you're aiming to launch your first million-dollar business or are interested in entrepreneurial tactics, this episode is packed with actionable advice and inspiration. Don't miss this essential guide to launching a thriving startup!

In this episode of the NASPP Equity Expert Podcast, we are joined by Jonathan Fish, the CEO and co-founder of Cap Gains. Jonathan brings his extensive experience as a CPA and public accountant, focusing primarily on venture funds and private equity funds. He shares insights into the world of Qualified Small Business Stock (QSBS), a powerful tax incentive that can offer 100% capital gains tax savings.The key points of this episode include:Introduction to QSBSUnderstanding QSBS and its benefitsHistorical context and changes over timeImportance for venture funds, entrepreneurs, and early employeesCorporate and Shareholder Level RequirementsRequirements at the corporate level, such as being taxed as a C Corp and having less than $50 million in gross assetsShareholder requirements, including original issuance of stock and a five-year holding periodCommon pitfalls and misconceptions around QSBS eligibilityNavigating QSBS Regulations and IRS AuditsThe role of private letter rulings from the IRS in determining qualified trades or businessesPotential complications from actions like stock redemptions, S elections, and exceeding asset thresholdsRecent changes in tax legislation affecting QSBS, such as the capitalization of R&D expensesMarket Trends and AwarenessThe impact of market liquidity and legislative changes on the popularity and understanding of QSBSStrategies for maintaining eligibility and maximizing benefits, including the Section 1045 rollover provision for gains reinvestmentAdditional Resources:Founders, Unlock Big Tax Savings with Qualified Small Business Stock (QSBS)Support the Show.

E104 Fireside with a VC speaking with Bruce Barton, founder of Parkworth, Wealth Management for Tech Professionals in Silicon Valley and the author of Author of Personal Finance for Tech Professionals In Silicon Valley and Beyond. Discussing tax and personal finance issues specific to employees and founders of publicly traded and privately held tech startups and how equity compensation can get rather complicated and must be navigated to avoid being double taxed.   1) Double taxed on RSU share sales – How to avoid getting taxed twice. https://www.parkworth.com/blogs/dont-pay-tax-twice-on-rsu-sales 2) AMT on ISO exercise –people who exercised incentive stock options (ISOs) and then get a big AMT (alternative minimum tax) bill that can be challenging to pay. 3) ISO exercise and QSBS – What people need to know about starting the 5-year clock for QSBS tax treatment on ISOs. https://www.parkworth.com/blogs/6-rules-for-exercising-stock-options-to-qualify-for-qsbs?rq=qsbs   4)    83(b) elections –Why this is so important for founders. https://www.parkworth.com/blogs/avoid-this-big-tax-mistake-when-founding-your-tech-startup?rq=qsbs 5) Retirement planning for people in tech - Is a career in tech different from other industries for retirement planning? How to operate in the fast lane of the Silicon Valley and prepare for retirement.   Find Bruce's book, Personal Finance for Tech Professionals: In Silicon Valley and Beyond: https://rb.gy/wc0r2q   Find the full episode on YouTube: https://youtu.be/jVtzqLyztPQ.   Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC.   https://www.parkworth.com/ https://www.linkedin.com/in/bruce-barton-cfp/   https://www.7bc.vc/ https://www.linkedin.com/in/romans/ Join our Newsletter - Fireside with a VC: https://subscribe.7bc.vc.   Join the conversation, leave comments, and tell us what you think about these topics and this episode. --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

"You need a great lawyer and you need a great accountant. Those two things are inevitable. But they look at me and I go, 'Oh, you've never looked at your cap table." Joshua Lee, CEO and Founder of Ardius explores the vital importance of cap tables in managing startups and guiding investment decisions, in this episode of Founders In LA. With his deep background in accounting and building ventures, Joshua sheds light on the typical challenges and the strategic value of keeping cap tables clean and detailed. He outlines potential issues entrepreneurs may encounter, such as dilution, valuation discrepancies, and investor expectations, offering insightful advice on how to tackle these hurdles. Through practical examples and personal stories, Joshua highlights the need for transparency and meticulous planning in venture relationships and the growth of startups. This episode is a valuable resource for both founders and investors, providing practical tips on how to understand and use cap tables to drive successful business outcomes. Key Takeaways: Understanding Cap Tables: Joshua Lee highlighted the intricacies of cap table management, noting issues like convertible notes and safe notes. He emphasized the importance of meticulous attention to detail in tracking each entry, as these have significant implications on future strategic decisions, especially concerning funding and exits. The First $10 Million In an Exit Can Be Tax Free: Joshua underscored the crucial need for skilled accountants and lawyers to guide founders through the complexities of startup management. These advisors ensure legal and financial robustness -like uncovering thousands of dollars in taxes or understanding that the first $10 million in an exit might be tax free under the right conditions. The Difference Between Joining a New Fund vs. One that is Almost Closed: Joshua detailed the challenges of navigating funding cycles and managing investor expectations. For instance, a company joining at the beginning of the fund may have different timelines and expectations than one at the end of the fund. Long-term Vision and Strategic Exits:Joshua shared his approach to strategic exit planning, stressing the need for alignment between a startup's operational activities and its exit strategy. He noted how a well-maintained and clear cap table is essential for facilitating smooth transitions and maximizing stakeholder benefits during exits. Founder Diligence: Joshua advocated for proactive founder engagement with their cap tables, emphasizing the critical nature of understanding the implications of each entry. He highlighted the risks of dilution and the necessity for founders to remain vigilant about how transactions affect their control and align with their long-term goals. Top Quotes: "We started opening up the cap table. Start seeing the convertible notes, the safe notes, the priced rounds even venture debt and the warrants that have been issued. It's all over the place."  "What is QSBS? It sounds like BS. No, it's called Qualified Small Business Stock. Just look that up. That will pay for itself."  "You need a great lawyer and you need a great accountant. Those two things are inevitable. But they look at me and I go, 'Oh, you've never looked at your cap table.'"  "So when you take money, there come expectations of different sorts. One is the return, depending on how their fund's doing." "This is why our last company was sold in 18 months, and, very interestingly enough, it was done in a way where I thought everyone's numbers were achieved."

In this episode with Tyler Harris we talk: - What C Corps are and how they work - Why a business would and would not want to be a C Corp - What QSBS is and the tax savings it can create - How to stack QSBS - What QSBS packing is to maximize the tax free potential

Episode 039: The wealth management industry is moving beyond asset allocation and investment management. Clients require a broader suite of services, encompassing areas like tax planning, estate planning, and retirement accounts. Adero Partners recognizes these trends and is expanding its service scope to cater to its clients' evolving needs, signifying the firm's focus on providing a more comprehensive wealth management experience, and acting as the central advisor or family CFO for their clients. In this episode of The Connected Advisor, Kyle Van Pelt talks with Aaron White, Chief Growth Officer at Adero Partners. Aaron brings years of experience to the conversation in pre-liquidity planning, wealth transfer, private investments, and tax strategy. Before joining Adero, he worked as a business valuation and litigation consultant for a regional accounting firm. In his current role, Aaron focuses on providing comprehensive wealth management services to clients, with expertise in tax planning, estate planning, and alternative investments. Aaron talks with Kyle about the evolving landscape of the financial advice industry and how Adero is adapting to meet clients' changing needs. He shares how Adero provides comprehensive planning services, including tax planning, estate planning, and 401(k) assistance. Aaron also discusses the firm's use of technology, such as AI and LLMs, to enhance client experiences and improve efficiency.  Join us as we discuss: [04:02] - The money moment that led Aaron to the financial industry. [05:30] - Adero's biggest driver of growth. [06:24] - Adero's content strategies. [07:40] - Why Adero focuses on consulting clients on QSBS (qualified small business stock). [08:52] - How Adero helps people make the most of QSBS. [11:40] - How Adero has adapted to remote work. [14:32] - Adero's growth trajectory. [16:26] - How Adero uses 401(k)s as a competitive advantage. [17:58] - Adero's estate planning services. [21:18] - Aaron's outlook on the future of financial advisory. [24:56] - Aaron's background in hockey and coaching. [27:10] - Milemarker minute: favorite sports car, bucket list travel destination, and potential careers outside financial advice. Key Takeaways The wealth management industry is evolving to provide more comprehensive services beyond asset allocation and investment management. Alternative investments are becoming more accessible and offer opportunities for diversification outside of the public markets. AI and LLMs have the potential to enhance efficiency and provide quick access to information, but caution is needed around data privacy. Quotes "The qualified small business stock exclusion is one of the most significant potential tax savings opportunities. The maximum exclusion is $10 million for capital gains. If you're in a state that conforms to federal QSBS, you can save another 10% plus for some high-tax states. That's a pretty significant savings." ~ Aaron White  "Our role with our clients is to be the family CFO or the central advisor that they look to to coordinate and execute on all their tax planning and financial strategy." - Aaron White "Oftentimes, we find that an estate plan was done and signed, but they didn't actually follow through on it. And so that's something that we can help with and make sure that you actually benefit from all the money you spent and the documents you created." ~ Aaron White Links  Aaron White on LinkedIn Adero Partners Pontera Wealth.com Connect with our hosts Milemarker.co Kyle on LinkedIn Jud on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify YouTube Google Podcasts Produce game-changing content with Turncast Turncast helps your company grow by producing top-quality content and fostering transformative conversations. We specialize in content generation, podcasting, digital strategy, and audience growth for fintech and financial services companies. Learn more at Turncast.com.

California just passed a directed trust statute! In this episode of Trust Me!, Michael Rosen-Prinz and David Khanjyan will go over the basic structure of a directed trust, along with the specifics of California's new directed trust statute.About Our Guests:Michael Rosen-Prinz is a partner at Loeb & Loeb LLP (Los Angeles office). Michael maintains a broad trusts and estate practice, including wealth transfer planning, planning for family governance and business succession, cryptocurrency and QSBS planning, and estate, gift and generation-skipping transfer tax matters. Michael also has deep experience forming and operating single family offices and private trust companies; advising on governance, succession, tax, regulatory and operational issues. In addition, Michael devotes a substantial portion of his practice to cross-border planning for domestic and international families. In this area, he advises clients on foreign trusts, pre-immigration planning and expatriation, as well as inbound and outbound investments and compliance matters related to structuring investment vehicles in the U.S. and internationally. Michael is also a member of TEXCOM. Michael can be reached at: mrosenprinz@loeb.comDavid Khanjyan is an associate at Loeb & Loeb LLP (Los Angeles office). He advises clients on the domestic and international aspects of income, estate and gift tax planning. He works with U.S. and non-U.S. individuals, families, trustees and businesses with multijurisdictional issues to structure tax-efficient plans. David is a member of the Pro Bono Committee and helps orchestrate various pro bono projects throughout the firm. He also is a member of the Armenian Professional Society and was a graduate editor of the Tax Law Review at NYU School of Law. David can be reached at: dkhanjyan@loeb.comAbout Our Host: Host Anna Soliman is Trust Counsel and Managing Director for Fiduciary Trust International of California out of the Los Angeles Office. Prior to joining Fiduciary Trust International, Anna was an estate tax attorney for the Internal Revenue Service and also worked in private practice, specializing in estate planning and trust administration for ultrahigh net worth individuals. She is also a TEXCOM member and is involved with the Fiduciary Income Tax Section of the American Bar AssociationThank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

It's easy for founders to put tax and estate planning on the back burner when you're focused on running a business and thinking about a sale, however, getting an early start on these considerations can really make a big impact on how much you take home. In this episode, Sarah Letourneau from Goldman Sachs joins Mike Lyon to talk about tax planning, QSBS, estate taxes, and when to start planning.This material is intended for informational purposes and is not intended to provide investment advice or a recommendation. The opinions voiced should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, accountant, and/or tax advisor. Vista Point Advisors does not provide tax or legal advice.  Securities offered through Vista Point Advisors, member FINRA/SIPC. This has been provided for informational purposes only and should not be considered as investment advice or a recommendation. It is not intended to address all circumstances that might arise. The views expressed herein may change at any time subsequent to the date of issue. Testimonials from past clients may not be representative of the experience of other clients and there is no guarantee of future performance or success. Clients are not compensated for their comments.

Qualified small business stock (QSBS) is a provision in the U.S. tax code that can provide tax-free income to investors. This engaging conversation about the tax benefits of QSBS is geared toward buyers and sellers. Jessica Fairchild and Andrew Szymulanski discuss who benefits from QSBS, what the requirements are to qualify for this tax benefit, and ways to make the structure work for a small business sale or acquisition. Discover why it's worth possibly structuring a transaction to qualify for QSBS treatment. Learn More:  The Basics of Independent (Fundless) Sponsors in M&A The Role of M&A Lawyers When Selling Your Business Selling Your Business? Hire an Attorney to Increase the Bottom Line Additional Resources: Planning to sell your business? Schedule a free consultation today. Download a free PDF copy of The Art of The Exit: The Complete Guide to Selling Your Business and Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue. Purchase your copy now of A Beginner's Guide to Business Valuation | The Exit Strategy Handbook | Closing the Deal Contact Morgan & Westfield to request a free copy of Jacob Orosz's latest book, Food and Beverage M&A: An Insider's Guide to Selling a Food or Beverage Manufacturing, Distribution, or Grocery Business. To suggest guests, topics, or questions for future podcast episodes, contact Morgan & Westfield. Listen to Other Episodes:  How an M&A Attorney Can Help Sell Your Business Importance of Having an Attorney When Selling or Buying a Business The Basics of Independent Sponsors The Basics of Selling Your Business to an Independent Sponsor  

In this episode Eric and Matt discuss one of the hugest tax breaks in the Tax Code, Section 1202 regarding the Exclusion for Qualified Small Business Stock or QSBS as it is known for short. This is a do not miss episode if you are a founder, business owner or early stage employee!

Fireside with a VC episode #96 speaking with Kristine Di Bacco, Partner at law firm Fenwick, discussing tough terms for startups in the context of flat and down rounds as well as more punishing terms for startups. What is common and expected in today's market for up, flat, down rounds as well as convertible notes and SAFEs? Planning today's current round in a way to set a precedent for the next funding round balancing valuations and terms. A deep dive on the difference between pre- and post-money SAFEs vs convertible notes, QSBS, etc. What to expect for typical governance, board of directors construction, etc. across multiple financings for startups. Secondaries in the bull market leading up the peak in 2021 compared to today's 2024 market and what to expect for funding and exits in 2024 and beyond. How she cofounded and built Fenwick's New York City office and is now back in Silicon Valley. Understanding differences and similarities in the New York compared to Silicon Valley ecosystems. Find the full episode on YouTube: https://youtu.be/Q6eV6oqg2Is.   Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC   https://www.fenwick.com/ https://www.linkedin.com/in/kristine-di-bacco-72b35b/ https://www.7bc.vc/ https://www.linkedin.com/in/romans/   Join the conversation, leave comments, and tell us what you think about these topics and this episode. --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

Episode 541: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) are on a campaign to make sure no entrepreneur pays more taxes than absolutely necessary. They're joined by Ankur Nagpal, the founder of Teachable and resident tax genius, to share the 10 tax loopholes every founder should know.  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (3:00) Biggest secret to pay less in taxes (6:20) QSBS - the most generous tax break available (15:30) Do NOT move to Puerto Rico (20:00) There's no true alpha in investing (25:00) Sam's credit card tax hack (29:00) Solo 401(k) (33:30) Your CPA is not is not your tax strategist (41:30) Owning real estate to lower your tax bill (43:00) 4 triggers to happiness (47:30) Putting the Indian diet on blast — Links: • Ankur Nagpal Twitter - https://twitter.com/ankurnagpal • Teachable - https://teachable.com/ • Carry - http://carrymoney.com/ • Mo Points - https://mopoints.com/ • Points.me - http://points.me — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Episode 528: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) answer the question they get most often: “If you had to pick one idea that to make a million dollars this year, what would it be?”  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (3:00) Idea 1 - The "Me Also" strategy (12:00) Idea 2 - Niche community that solves for X (16:00) Idea 3 - QSBS advisory firm (24:00) Idea 4 - Pizza robots (44:00) Idea 5 - Buying a university — Links: • Quiet Light - https://quietlight.com/ • Exit Five - https://www.exitfive.com/ • Figure - http://figure.ai/ • Renovate Robotics - https://www.renovaterobotics.com/ • Anduril - https://anduril.com/ • DealStream - https://dealstream.com/ — Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Free 2024 Goal-Setting Session - https://planfor2024.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Episode 68: Alex Lieberman (@businessbarista) interviews Ankur Nagpal (@ankurnagpal) about maximizing your equity as a founder. Startup equity can be confusing and daunting, but it could also be the difference of millions of dollars in your pocket or the government's pocket. There are tried and true ways to structure startup equity and Ankur knows how to do it exceptionally well. The two talk about QSBS, Charitable Remainder Trusts, and the impact of co-founders on your equity.   Carry: https://carrymoney.com/ Carry's Blog on Founder Finances: https://carrymoney.com/learn Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com Grow more (and stress less) with Brex: brex.com/foundersjournal #FoundersJournal #Startups #Entrepreneur Listen to Founder's Journal here: https://link.chtbl.com/OV4W93_W Watch Founder's Journal here: https://www.youtube.com/@FoundersJournal/  Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen debunk five viral tax strategies that are often oversold and misunderstood. Here are some of the main points they discussed:The top five deceptive tax strategies: The QSBS 1202 strategy, setting up an entity in another state to avoid state tax, cost segregations, setting up a C corporation for a small business, and the overselling of life insurance.Insight into why these strategies often don't work for the majority of people, despite being pitched as universal solutions.Advice on seeking a second opinion from a non-salesperson before implementing any tax strategy.Thoughts on the importance of considering the credentials of those offering tax advice and ensuring they are licensed professionals.Practical guidance on what to do if you've already implemented one of these five strategies and find it isn't serving you well.This is a must-listen episode for anyone who is navigating their tax strategies and wants to ensure they are making informed decisions!X-Health.show - meet the future of healthcareKill your pain once& for all, program human cells to cure cancer, mitigate dementia & moreListen on: Apple Podcasts Spotify Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

IRC Sections 1202 and 1045 are becoming more popular in recent years due to the tax favorability and private investing being more attractive overall. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews experts Caleb Powers and William Beckett to refresh us on what this is all about. They discuss: What are the criteria to qualify? How do you receive IRC Section 1202 treatment? What happens if you don't hold the QSBS for 5 years? How does IRC Section 1045 come into play? What should employees with 1202 stock options do? How does this apply to estate planning? For more resources related to this episode: Find Bob's decisions charts in our Proactive Planning Toolkit. This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.      

In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen discuss the complexities and potential pitfalls of the Qualified Small Business Stock (QSBS) tax strategy. Here are some of the key points they discussed:An explanation of the QSBS strategy, its allure for small businesses, and the role of C Corporations in this strategy.The three major problems associated with the QSBS strategy - The requirement of having a qualifying business, the need to show significant profit, and issues with potential buyers.The significance of earnings before interest, taxes, depreciation, and amortization (EBITDA) in determining the value of a business.The types of businesses that qualify for the QSBS strategy, and the potential roadblocks that could hinder a QSBS.Real-world examples of situations where the QSBS strategy worked successfully, specifically in venture capital scenarios.TAX AND LEGAL 360Secure your tickets to my most significant tax & legal event of the year!The Ultimate Tax and Legal Conference Phoenix, AZ - Nov 30 thru Dec 2CPAs, Attorneys, Business Owners, AND Entrepreneurs! You don't want to miss this event!CLICK HERE TO GET YOUR TICKETS! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Episode #88, Everything you need to know about Qualified Small Business Stock (QSBS), the exemption that allows investors in startups or investors in VC funds that invest in startups to NOT pay capital gains tax on the greater of the first $10m of capital gains or 10x the cost basis (what you paid for the stock). A discussion of what qualifies and what does not, how this plays with the amount of funding, the value of the balance sheet at the time of the investment, holding period, how to tack or rollover, SAFEs compared to priced rounds and convertible notes to get the tax exemption, how it applies to founders and not only investors, how to document it and when it does not apply. Roger Royse is a Silicon Valley career corporate and tax partner at law firm Haynes and Boone. https://www.linkedin.com/in/rogerroyse/   Find this episode on YouTube: https://youtu.be/j18ziU2fWg0.   Find this and all episodes for Fireside with a VC here: https://podcasters.spotify.com/pod/show/FiresideVC   andrew@7bc.vc https://www.linkedin.com/in/romans/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

Are irrevocable trusts truly irrevocable?  One way to change the terms of an irrevocable trust is by decanting.  In this episode, our guest Michael Rosen-Prinz will be discussing the particulars of California's decanting statute. About Our Guest:Michael Rosen-Prinz is a partner at the Los Angeles office of Loeb & Loeb LLP.  Michael maintains a broad trusts and estate practice, including wealth transfer planning, planning for family governance and business succession, cryptocurrency and QSBS planning, and estate, gift and generation-skipping transfer tax matters.  Michael also has deep experience forming and operating single family offices and private trust companies; advising on governance, succession, tax, regulatory and operational issues. In addition, Michael devotes a substantial portion of his practice to cross-border planning for domestic and international families. In this area, he advises clients on foreign trusts, pre-immigration planning and expatriation, as well as inbound and outbound investments and compliance matters related to structuring investment vehicles in the U.S. and internationally.Michael is also a member of the Trust and Estates Section of the California Lawyers Association.  Michael can be reached at: mrosenprinz@loeb.comAbout Our Host: Host Anna Soliman is Trust Counsel and Managing Director for Fiduciary Trust International of California out of the Los Angeles Office. Prior to joining Fiduciary Trust International, Anna was an estate tax attorney for the Internal Revenue Service and also worked in private practice, specializing in estate planning and trust administration for ultrahigh net worth individuals.  She is also a member of the Trust and Estates Section of the California Lawyers Association and is involved with the Fiduciary Income Tax Section of the American Bar Association. Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

Imagine knowing how to avoid blunders when negotiating equity deals with employees or founders. Our insightful guests, attorney David Siegel of Grellas Shah, equip you with the know-how to avert common missteps such as handing over excess equity, devising unnecessary intricate vesting schedules, and navigating tricky termination stipulations. They delve into the nitty-gritty of different equity forms and the tax ramifications associated with distributing stock, providing invaluable insights for both employers and employees.Ever felt baffled by the formalities of establishing an LLC? David Siegel will shed light on why it's paramount to treat these processes with the seriousness they deserve. Securing limited liability protection isn't something to take lightly. We dissect the versatility of LLCs and consider the potential advantages of QSBS write-offs when swapping a membership interest in an LLC for shares in a C-Corp. Get ready as we unmask the complexities of co-founders agreements, buyouts, cliffs, and key man insurance. This episode is your guide in the intricate world of startups. Tune in!Listen & Subscribe on your favorite platformApple | Spotify | Google | AmazonVisit us at RecruitingDaily for all of your recruiting, sourcing, and HR content.Follow on Twitter @RecruitingDaily Attend one of our #HRTX Events

This week, Dominic-Madori Davis came back on the show to chat with Mary Ann and Alex about two of her latest pieces:A lawsuit targeting a grant program that provided small checks to Black women small-business owners. The context here is that there's a movement in the United States to curtail programs that seek to provide access, or opportunity to underrepresented peoples in business and education. Given venture's somewhat embarrassing investment demographics, we struggled to understand the seeming animus behind the suit.Some countries are taking a different track, including the United Kingdom. Dom has more on that topic here.Equity is back on Friday with our weekly news roundup! Talk to you then!For episode transcripts and more, head to Equity's Simplecast website.Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

Fireside with a VC diving into a round table discussion with The Band of Angels, one of the oldest and most active angel groups in Silicon Valley covering the current seed and early stage investing and fundraising market environment and conditions. How are valuations and terms changing, the importance of QSBS tax and when to use priced rounds, convertible notes and the dangers of SAFE notes.   Disclaimer: many of these angel groups are LP investors in our VC funds and active members of our network sourcing deal flow, conducting due diligence, taking board seats, actively adding value to our portfolio companies, impacting our exits and helping us raise more LP capital for our VC funds. Many of the members of The Band are highly successful senior executives from large tech titans as well as successful entrepreneurs that have founded startups, raised angel and VC funding and experienced the spectrum of positive and negative outcomes making them more valuable than many VCs to have in your corner in good and bad times along the startup journey.   On all podcast platforms: https://open.spotify.com/show/57V2XYhekz5ETiOwtanWIn?si=a835a3f3b5804cbb   YouTube: https://youtu.be/D_3mqnLF-7w   andrew@7bc.vc https://www.linkedin.com/in/romans/   Join the conversation and tell us your view of current market conditions for seed financings for tech startups. --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

#78, Jack Guedj, Band of Angels, one of Silicon Valley's oldest & most active angel groups   Fireside with a VC diving into current seed and early stage investing and fundraising market environment and conditions. How are valuations and terms changing, the importance of QSBS tax and when to use convertible notes and the dangers of SAFE notes.   Next episode #79 includes the roundtable discussion with the Band of Angels. Jack Guedj is also an active member of Sand Hill Angels. Disclaimer: many of these angel groups are LP investors in our VC funds and active members of our network sourcing deal flow, conducting due diligence, taking board seats, actively adding value to our portfolio companies, impacting our exits and helping us raise more LP capital for our VC funds. Many of the members of The Band are highly successful senior executives from large tech titans as well as successful entrepreneurs that have founded startups, raised angel and VC funding and experienced the spectrum of positive and negative outcomes making them more valuable than many VCs to have in your corner in good and bad times along the startup journey.   On all podcast platforms: https://open.spotify.com/show/57V2XYhekz5ETiOwtanWIn?si=a835a3f3b5804cbb   YouTube: https://youtu.be/yfcoZgSLZew   andrew@7bc.vc https://www.linkedin.com/in/romans/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

Today's show: Wilson Sonsini Partner Becki DeGraw joins Jason to kick off another series of Startup Legal Basics! In this episode, they break down secondary market transactions, including the evolution of secondaries (00:50), trends in the industry (3:16), critical aspects of Qualified Small Business (QSBS) stock(20:06), and much more! * Time stamps: (00:00) Wilson Sonsini Partner Becki Degraw joins Jason (00:50) The increased use of secondary markets (3:16) How companies staying private longer influenced the rise in secondaries (4:25) Determining how much founders should be allowed to sell (6:21) Spending more than a company is worth (9:26) The Pari-Passu concept explained and how it applies to early investors, founders, and employees (10:38) Who gets to sell pre-IPO (12:44) Off the cap table transactions and hypothetical scenarios (18:26) Tender offers and the NASDAQ secondary market (20:06) The critical aspects of qualified small business (QSBS) stock * Check Out Wilson Sonsini: https://www.wsgr.com/en/ * Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four Apply for Funding: https://www.launch.co/apply Buy ANGEL: https://www.angelthebook.com Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow Jason: Twitter: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast

In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes.  From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business. If you want to learn more about Nick and Mitchell's tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.   Timestamps: 03:13 - S-Corps 08:14 - QBI optimization 14:50 - Bonus Depreciation 21:20 - Section 179 and car mileage 30:11 - Mega Backdoor ROTH 33:55 - ERC Tax Credit  39:09 - R&D Tax Credit 41:14 - 45L Tax Credits 42:40 - Donor Advised Funds 47:07 - “The Augusta Rule” 48:41 - SALT Cap Workarounds 51:03 - Q&A   FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03   Special thanks to the sponsors: https://www.betterbookkeeping.com - End to end tax and financial service for founders and soloprenuers https://Recostseg.com - Lower your taxes and increase cash flow https://Taxcredithunter.com - Helping businesses claim millions in tax credits   Check out my free Delegation / Hiring 101 course! Click here: https://nickhuber.podia.com/delegation-hiring-101   Check my free resources about Real Estate: https://sweatystartup.com/courses/   Join my Real Estate community here: https://sweatystartup.com/rec   Twitter Growth Mastery Course: https://sweatystartup.com/twitter   Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: Business Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/  Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/

A legal expert clarifies QSBS, Qualified Small Business Stock, and explains the planning opportunities, what advisors need to know, redemption, and the nuances of adding it to an estate. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

This episode is about bonus depreciation. It explains that certain assets, such as computers and fuel for cars, can be fully deducted in the year of purchase since their useful life is not more than one year. On the other hand, buildings have a longer useful life, typically 39 years for commercial properties and 27.5 years for residential properties, so their cost is deducted over time. However, there are components of buildings, like sidewalks and HVAC systems, that have shorter useful lives and can be depreciated faster. This is known as accelerated depreciation, and it allows for quicker deductions. The Tax Cuts and Jobs Act of 2017 introduced bonus depreciation, allowing 100% deduction of certain assets regardless of whether they were new or used. This change expanded the applicability of cost segregation studies, which identify and assign tax lives to individual components of a building, enabling taxpayers to benefit from significant deductions. If you think that your property or portfolio is eligible for a retroactive study, please visit https://www.recostseg.com to learn more.   Join us on June 20, 2023, for a 1 hour workshop on top tax saving strategies for small businesses with CPA Mitchell Baldridge. From section 179 to QSBS to retirement accounts, we'll cover the things you MUST KNOW if you run a small business. Click here to register

This episode originally aired on June 30th, 2022. I'm sharing the secret how to scale your business and make it sustainable. Dominate the service-base business and build your empire!   Join us on June 20, 2023, for a 1 hour workshop on top tax saving strategies for small businesses with CPA Mitchell Baldridge. From section 179 to QSBS to retirement accounts, we'll cover the things you MUST KNOW if you run a small business. Click here to register

How Family Offices Can Regain Access To Venture Capital  During Peter's 25 years of VC experience he found white space (the white space being where certain FO's can't or don't have the resources to participate in venture) between the intersection of VCs and Family Offices.    How Family Offices can regain access to VC (more recently smaller to midsize FO's have not been included into top-tier deals or having the option access deal by deal opportunities due to being crowded out by Institutions and endowments)  Background on why and how Peter started PORTAL to cater to high-net worth individuals and Family Offices How Family Offices can leverage the power of PORTAL's Community How to leverage QSBS to achieve $10 million in tax-free capital gains  Benefits of using Tax Advantaged Accounts  Peter Loukianoff Bio: Peter is the founding partner of PORTAL, serving as its Managing Partner. He has over 25 years of experience as a business innovator, leader, and investor in Silicon Valley, Europe, and Asia. Previously, Mr. Loukianoff has been part of founding four successful venture capital firms, and raised funds for Alumni Ventures Group (AVG) – ranked by Pitchbook as the #3 most active VC firm in the US deploying over $250M per year in capital and managing a global portfolio of over 400 start-up companies (where he founded the UC Berkeley franchise Strawberry Creek Ventures); Black River Ventures, a US/European cross-border investment fund;  Almaz Capital, one of the first technology funds focused on the Russian/CIS market; and Modern Venture Partners, a spin-off from AVG. Earlier in his career, Mr. Loukianoff was a partner at Alloy Ventures and Senior Advisor to McKinsey & Co., where he worked on innovation strategies for multinational corporations. He has negotiated dozens of investment deals, served on numerous boards, and done business in 40+ countries around the world. He got his start in venture capital as an intern at Kleiner Perkins during business school. Notable start-ups that he and his funds have backed, include Qik (acq. by Skype), Yandex (Nasdaq: YNDX), Relayr (acq. by MunichRe), Marqeta (Nasdaq: MQ), Coursera (Nyse: COUR), LitRes (acq. by Ozon.ru), nScaled (acq. by Acronis), and Xactly (Nasdaq: XTLY). Formerly, Peter was a founding team member and senior operating executive with several start-ups, including Autonomy, a pioneer in unstructured data applications, and Silicon Valley Data Science (acq. by Apple). As an internationally recognized expert in cross-border innovation, venture capital, and entrepreneurship, Mr. Loukianoff has advised several heads-of-state and world leaders on these subjects. Peter has also been a contributor to Forbes and the EastWest Institute, a guest commentator on television shows such as CNBC's Street Signs, and has been covered by The Wall Street Journal, New York Times, Bloomberg, et al. Mr. Loukianoff is a member of the Forbes Global CEO network and frequent speaker at industry conferences. He earned an MBA and BS in Engineering from the University of California, Berkeley, and is co-inventor on four mobile messaging patents. About PORTAL: PORTAL is a Community-first venture capital firm that brings together exceptional entrepreneurs and investors to build global technology startups that ascend the human experience. Want to learn more about PORTAL? Click here to join the Community.

In this episode with Mark Cecchini, CFP, we talk: - what QSBS is - the benefits of it - how to qualify - 83(b) elections

The tax code can be a labyrinth of confusion and complexity, particularly for those new to the world of business transactions. That's why we've dedicated this episode to the Section 1202 Exclusion, a potentially significant tax advantage tied to the QSBS. We begin with the basics - what exactly is QSBS and how the Section 1202 Exclusion applies to it. Navigating through the critical elements, we discuss how you can qualify for this advantageous tax provision and the potential benefits it can provide to your business transaction. From ownership duration to business type to the original issuance, we shed light on the qualifying conditions in a way that is accessible to all, regardless of financial background. We also delve into the potential tax savings that can be achieved under this exclusion and how it can impact both the seller and the buyer. With expert insights and practical advice, we take the complexity out of tax planning for your business transaction. Whether you're on the brink of selling your first business, contemplating purchasing a qualifying business, or exploring potential tax benefits for your transaction, this episode is a treasure trove of knowledge. Tune in and empower yourself with the financial savvy to leverage the Section 1202 Exclusion to your advantage. As always, if you have any further questions, feel free to reach out to us via call/text at 516-417-4941 or email us at mshah@msllc.com ! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode #70, John Frankel, cofounder, ff Venture Capital on Fireside with a VC discussing: · Learnings from Goldman Sachs applied to VC · Launching the largest VC fund in Ukraine · Launching a VC fund in Poland · Managing the 6 VC funds based in New York, but investing across the US · What percentage of companies get to $100m of ARR and how this drives portfolio construction · What is the true work and lifestyle in running a VC business from raising capital, sourcing and diligencing deals, reporting, helping startups, numbers, and repeating · The types of investors John got into fund I and how this changed with characteristics of raising a fund II, III, IV up to fund VI · The true time table of starting to getting to exits and into carry · The difference between investing early, mid stage and late stage within the context of a changing dynamic economy · QSBS tax breaks for LPs, VCs and founders. No tax on the greater of 10x cost or $10m · Details on why convertible notes are bad and SAFEs are worse · The best way to construct a board of directors from pre-seed onwards · Where is the market going? When is the bottom of the market and why? · Breaking "the economy" into at least 6 different economies · How the standoff on falling valuations will play out as we recover · The complex relationship of public markets and private markets Twitter: https://twitter.com/john_frankel YouTube: https://youtu.be/DDCqJMVgUsc All podcast platforms: https://anchor.fm/FiresideVC Registration is open for 7BC's in-person VC insight panels, startup presentations & networking receptions New York City, March 7, 2023 – https://7BC-neonVest-NYC.eventbrite.com. Seattle, April 4, 2023 – https://7BC-neonVest-Seattle.eventbrite.com. Planning events in cities in key tech corridors across the U.S. Get in touch if you want to host or sponsor any of our events. andrew@7bc.vc https://www.linkedin.com/in/romans/ Thanks to our sponsor Pacific Western Bank, Startup Banking & Venture Debt, Mark diTargiani, mditargiani@pacwest.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

Colin and Brent discuss Andrew Wilkinson and Chris Sparling going public and how to structure a holding company with LLCs, C-Corps, QSBS, and more.Enroll in Colin's Acquisition Course & Community at IndiePE.com.Reach out to Colin Keeley and Brent Sanders on Twitter with any feedback. Sell your SaaS at VerneHQ.com 

Structuring your business as a C-corp is an essential step for QSBS eligibility. Hear how the structure of your company may substantially impact your taxes during an upcoming liquidity event. - LLCs and S corporation business structures offer benefits but may cause you to miss substantial tax savings under the Qualified Small Business Stock exclusion. - Structuring your company as a C corporation is a requirement to qualify for the QSBS exclusion. - The potential tax savings via the QSBS exclusion is the greater of $10 million or 10 times your cost basis, whichever is higher.   Ann Lucchesi, Managing Director, SVB Access Danielle Greene, Managing Director, Fiduciary Advisor 

Hear how you may still qualify for the QSBS tax exclusion across multiple acquisition types, prior to hitting the 5-year holding period.

Click Here to read Marcia's profile on LinkedInClick Here to read Tony Shipley's profile on LinkedInClick Here to learn more about Queen City AngelsClick here to learn more about how ACA is active with Public Policy'sClick here to learn more about ACA's Grassroots ToolkitClick here to find out more about the Angel Capital AssociationTake courses to learn how to be an angel investor at Angel University - click here for info!Want to reach the Angel Capital Association? CLICK HEREHave ideas for the show?  Email us at theacaangelnextdoorpodcast@gmail.com

If your angel investing portfolio doesn't always generate QSBS returns that are free from capital gains, what approaches are available for reducing your tax burden on gains? Wealth advisors Doug English and Wes Johnson teach us about "direct indexing" - how you can tweak your approach to investing in public equities to generate tax losses that you can use to offset angel investing gains. We invite your feedback and suggestions at ventureinthesouth.com or email david@ventureinthesouth.com. If you like our show, it really helps us if you rate, review, and please subscribe. To learn more about The RollingSouth Funds that we operate, go to rollingsouth.vc or email david@rollingsouth.vc. Thanks for listening and remember: Our mission is to HAVE FUN, MAKE MONEY AND DO GOOD.Bublish; David@ventureinthesouth.com; The RollingSouth Fund

Section 1202 of the IRS code can potentially save eligible business owners millions of dollars in taxes. However, it is an underutilized section as few business owners know how to successfully implement this strategy. In this episode, Roby Kotcamp and Kyle Malmstrom explain what Section 1202 entails, the primary eligibility criteria for QSBS (qualified small … Continue reading Section 1202: How Business Owners Can Save Millions of Dollars in Taxes (Ep. 67) →

During this podcast, discover the critical factors impacting equity holdings, learn to build an equity foundation and understand the significance of the QSBS exclusion. 

Episode 3: Today, hosts Alex Lieberman (@businessbarista), Sophia Amoruso (@sophiaamoruso), and Jesse Pujji (@jspujji) get into the MADNESS of the Gas app - a new social networking platform that has surpassed Instagram, TikTok and Twitter for daily downloads. Then, they get into how to & how NOT to conduct a layoff, whether it's for one person or a company-wide one. And finally, the trio gets real about the secrets of QSBS and how understanding it can save you MILLIONS. 00:01 - Cold Open: Jesse speaking to Zuckerberg about the highschool version of Facebook 00:32 - Intro  01:35 - The Rundown 02:27 - How the “Gas” app works and how it stays positive 03:50 - Sophia on the Founder of Gas being a “master” of testing & iterating 05:45 - Alex on Highschoolers being the “best demographic” to build an app for 07:40 - Jesse on the difficulty of building consumer businesses 07:57 - Jesse's highschool version of Facebook 10:00 - Jesse speaking to Mark Zuckerberg 12:44 - Where does the Gas app go from here? 13:35 - The “Gas” app's ‘money printing machine' 15:40 - The second & third gen of Social Apps 17:50 - The Takeaways from Gas 21:48 - The “Hub & Spoke” Model of building your business 23:10 - Microsoft & the trend of Tech Industry Layoffs 24:32 - Sophia on layoffs needing more clarity & planning 28:50 - Jesse on Founders needing to be passionate about people & leadership 30:35 - The HORRIBLE Better.com Zoom layoff & reaction 34:30 - What is QSBS & how it saves founders MILLIONS Links: WSJ article on the Gas app Nikita Bier's tweet on Gas's success Allegations on China faltering the Gas app's growth Microsoft lays off 1,000 Chart of all Tech Industry Layoffs since COVID How To Rally A Company Through a Round of Layoffs Netflix on building a “team not a family”

Are you ready to buy the business that will finance your future? Today we share the secret to generating wealth through acquisitions, explain why you need to invest for the long term, and teach the art of the deal. Hosts Sahil Bloom and Greg Isenberg are joined by the founders of Enduring Ventures, Xavier Helgesen and Sieva Kozinsky, who are building the modern Berkshire Hathaway. Xavier and Sieva share the origin stories that shaped them into blue-collar entrepreneurs and explain why QSBS creates limitless economic opportunities in America. Finally, Sahil and Greg share what they believe to be the best businesses in the world and ask for your help to break down their unit economics. ►► Want more community? Learn more here: http://trwih.com THIS EPISODE Sieva Kozinsky: https://twitter.com/SievaKozinsky Xavier Helgesen: https://twitter.com/xavierhelgesen Enduring Ventures: https://www.enduring.ventures/ Better World Books: https://www.betterworldbooks.com/ ZOLA Electric: https://zolaelectric.com/ Sahil Bloom: https://twitter.com/SahilBloom Greg Isenberg: https://twitter.com/gregisenberg Production & Marketing Team: https://penname.co/ FIND US ON SOCIAL Twitter: https://twitter.com/_trwih Instagram: https://www.instagram.com/_trwih TikTok: https://www.tiktok.com/@_trwih Web: https://trwih.com Spotify: https://open.spotify.com/show/6aB0v6amo3a8hgTCjlTlvh Apple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985 SHOW NOTES 00:21 Xavier's Origin Story 06:01 Xavier's 2nd Company 07:58 Better World Books & Zola Electric 12:12 Sieva's Immigrant Origin Story 15:20 What is Enduring Ventures? 23:44 A Search Fund on Steroids 30:20 Patience is Key 33:58 Where Buffet is Right & Wrong 39:24 Great Companies = Great Narratives 43:21 Buying Businesses that Power America 45:40 Financing the Deal 51:40 QSBS Matters 54:25 Xavier's Advise 59:30 Sieva's Scaffolding Story 1:03:06 The Best Business's in the World 1:06:04 Where to Find Xavier & Sieva

Ross and Dan recap their takeaways from last week's Financial Planning Association conference.  In particular they cover two strategies that can help avoid capital gains tax: upstream gifting, and the qualified small business stock exclusion.E-mail your questions or thoughts for Ross and Dan to checkyourbalances@outlook.com!

Michael Girdley (@Girdley), Bill D'Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by Andrew Gazdecki (@Agazdecki) to talk about 2 Deals: A Shopify automated SMS and an eCommerce Cartoon generating illustration company. We also talk about how we see buyers, market prices, government financing grants, and more.-----Thanks to our sponsor!MoreNow.co: We help owners build a high functioning, experienced team by leveraging the top manager/director talent in the Phillippines.Go to morenow.co and fill out the form. Or email hire@morenow.co. Mention this pod for 20% of your first hire.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Acquisitions Anonymous Episode 100!Show Notes:(1:14) - Morenow.co(3:06) - Andrew Gazdecki is our Guest today!(9:12) - What are you seeing on the buyer's side? (13:01) - Government financing grants(14:29) - How do we see the market right now? What's going on with the prices?(15:51) - Deal 1: Shopify automated SMS tool(16:00) - How does it work? How do we understand its value?(19:00) - Why is this business so profitable? What is their cost structure like?(20:40) - What is the technology like for this business? Is there proprietary software here?(22:00) - Who would buy this?(25:02) - What is the challenge of starting this business?(26:00) - QSBS tax treatment: How does it work?(29:00) - Deal 2: eCommerce Cartoon generating illustration company(30:35) - How do we think about this business? What is the CAC like?(34:10) - What is the durability of the revenue stream?(35:50) - Bonus deal: Procurement software Saas business-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#96 From W-2 to Business Owner - Patrick Dichter tells us how to cold reach sellers and we discuss 2 Deals#92 Wait... what? You laid-off 90% of your staff?!? - Pete Erickson joined us for an exciting WarStories episode!#87 Yelp is not evil! Building a business using digital CAC - Featuring Johnny Robinson from Orange Window Cleaning#79 What do Investors want? - Dig into an investor's mind with Bradford Hardin#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner

Michael Girdley (@Girdley), Bill D'Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by Andrew Gazdecki (@Agazdecki) to talk about 2 Deals: A Shopify automated SMS and an eCommerce Cartoon generating illustration company. We also talk about how we see buyers, market prices, government financing grants, and more.-----Thanks to our sponsor!MoreNow.co: We help owners build a high functioning, experienced team by leveraging the top manager/director talent in the Phillippines.Go to morenow.co and fill out the form. Or email hire@morenow.co. Mention this pod for 20% of your first hire.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Acquisitions Anonymous Episode 100!Show Notes:(1:14) - Morenow.co(3:06) - Andrew Gazdecki is our Guest today!(9:12) - What are you seeing on the buyer's side? (13:01) - Government financing grants(14:29) - How do we see the market right now? What's going on with the prices?(15:51) - Deal 1: Shopify automated SMS tool(16:00) - How does it work? How do we understand its value?(19:00) - Why is this business so profitable? What is their cost structure like?(20:40) - What is the technology like for this business? Is there proprietary software here?(22:00) - Who would buy this?(25:02) - What is the challenge of starting this business?(26:00) - QSBS tax treatment: How does it work?(29:00) - Deal 2: eCommerce Cartoon generating illustration company(30:35) - How do we think about this business? What is the CAC like?(34:10) - What is the durability of the revenue stream?(35:50) - Bonus deal: Procurement software Saas business-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#96 From W-2 to Business Owner - Patrick Dichter tells us how to cold reach sellers and we discuss 2 Deals#92 Wait... what? You laid-off 90% of your staff?!? - Pete Erickson joined us for an exciting WarStories episode!#87 Yelp is not evil! Building a business using digital CAC - Featuring Johnny Robinson from Orange Window Cleaning#79 What do Investors want? - Dig into an investor's mind with Bradford Hardin#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner

This show is about all the Ins and Outs of Angel Funds and why you might want to consider a Fund. An Angel Fund has several advantages for Angel Investors such as effective diversification of startup investments, disciplined diliengence, low hassle factor and deal flow that can be hard to achieve on one's own. Some Angel funds offer the advantage of QSBS tax benefits which can be a substantial tax savings for high income earners. We invite your feedback and suggestions via our website or email david@ventureinthesouth.com. If you like our show please subcribe. It reallly helps our pod listing if you rate and review. On Apple Podcasts scroll all the way down to “Ratings and Reviews”, then click on “Write a Review. On Spotify simply tap to rate a show one-to-five stars, but there is currently no option to type a written review on Spotify. Thanks for listening and remember: Our mission is to HAVE FUN, MAKE MONEY AND DO GOOD.

Is there a right time to sell your business? This was what Jon Hainstock and his co-founder, Ben Bartling, had to figure out when they were planning their exit from ZoomShift. Learn how they chose the right moment to agree to a 7-figure deal — and how they approached building one of the top small business scheduling softwares on the market.For more stories like this one, sign up for newsletter: https://TheyGotAcquired.com/newsletterFor the full transcript of this episode, go to:  https://theygotacquired.com/podcast/jon-hainstock-zoomshift/ 

Today's episode on Legacy Listens hosted by Robert Wermuth has a conversation with Dirk Simpson from Royer Cooper Cohen Braunfeld LLC in Conshohocken, PA on what Qualified Small Business Stock and their potential benefits for your business. For more information about Dirk Simpson or RCCBLAW please visit www.rccblaw.com.  ______________​​______________​​ Legacy Planning 228 W Gay Street West Chester, PA 19380  610-719-8600 www.legacy-online.com Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.  

Brett Calhoun, Subject Matter Expert and a founding team member of QSBS Expert and Director of Operations at Scale joins the podcast to discuss QSBS, or Qualified Small Business Stock. QSBS is a tax incentive that can provide 100% tax exclusion on the sale of qualified tech startups. Brett explains what companies QSBS applies to, the terms of the exemption, and the future of QSBS.   You can email Brett at brett@capgains.com Or you can learn more about CapGains at https://capgains.com/ ***Connect across your favorite social platform: https://linktr.ee/Joerobert ***Subscribe to the podcast: http://bit.ly/JRPodcasts

Today's guest is Duncan Kelm, managing partner for Arrow Point Tax Services, specializing in financial plans and processes for business owners, professionals, and executives with an eye on taxes. In today's episode, we're talking about everyone's favorite subject – taxes! Tax day is less than 2 months away so this couldn't be timelier. Duncan walks us through some tax breaks for businesses, individuals & private investments. We touch on the difference in taxes within the US and then get into the Employee Retention Tax Credit, which Duncan pounds the table about why more people need to know about it. Then we get into my personal favorite, yes, QSBS. We also touch on Opportunity Zones, which long-time listeners have heard us talk about before. Duncan provided resources related to the conversation today: Employee Retention Tax Credit & his Top Tax Strategies. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com

What a treat we have for you today! On today's episode of The Weiss Investor, Kenny hangs out with Malcolm Ethridge, an EVP at CIC Wealth, financial advisor and host of the Tech Money Podcast based in the Washington, D.C., area. You've seen him on CNBC and Cheddar, and today Malcolm dives into how he got started using his knowledge of TIAA-CREF right out of college to help professors and academics plan their retirement. After spending time at Merrill Lynch and Wells Fargo, he came to prefer independent firms and makes his case for working with them, as well as the case for why podcasting is such an important part of the business. Finally, they close out by digging into NUAs and QSBS, Peter Thiel, Elon Musk's tweets, the latest with Jay Powell and the Fed, and preparing for turbulence. The advice they offer young people entering the industry is invaluable! Check us out at WeissRatings.com.

Internal Revenue Code (IRC) Section 1202 provides a meaningful exclusion for the gains from the sale of qualified small business stock (QSBS). Guest Rick Klahsen returns to the podcast with host Damien Martin to revisit how the enactment of the Tax Cuts and Jobs Act (TCJA) impacted this powerful opportunity and explore what proposed changes might mean for its future. Here's what they cover: How to describe IRC §1202 at a cocktail party [02:39] Challenges to overcome and hoops to jump through [03:40] Protecting your QSBS [06:11] Planning ideas and opportunities [07:43] What is IRC §1045 and why is it seemingly ignored? [13:48] QSBS after TCJA [17:27] Is IRC §1202 at risk? [19:35] Key considerations to position yourself for IRC §1202 [21:57] A surprising aspect of IRC §1202 [24:05] Keep an open mind when investing and planning for QSBS [25:27] Learn more about Rick and get the additional resources mentioned in the episode here.  Have questions on the possibility of significant tax change with discussions on President Joseph Biden Jr.'s “Build Back Better” agenda heating up in Washington, D.C.? Get answers live along with thought-provoking insights and strategies amid uncertainty with Simply Tax® Talks, a new weekly live stream discussion starting Tuesday, October 26 @ 10 am CST. Join us here. GET MORE SIMPLY TAX We're excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We'd love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube

Internal Revenue Code (IRC) Section 1202 provides a meaningful exclusion for the gains from the sale of qualified small business stock (QSBS). Guest Rick Klahsen returns to the podcast with host Damien Martin to revisit how the enactment of the Tax Cuts and Jobs Act (TCJA) impacted this powerful opportunity and explore what proposed changes might mean for its future. Here's what they cover: How to describe IRC §1202 at a cocktail party [02:39] Challenges to overcome and hoops to jump through [03:40] Protecting your QSBS [06:11] Planning ideas and opportunities [07:43] What is IRC §1045 and why is it seemingly ignored? [13:48] QSBS after TCJA [17:27] Is IRC §1202 at risk? [19:35] Key considerations to position yourself for IRC §1202 [21:57] A surprising aspect of IRC §1202 [24:05] Keep an open mind when investing and planning for QSBS [25:27] Learn more about Rick and get the additional resources mentioned in the episode here.  Have questions on the possibility of significant tax change with discussions on President Joseph Biden Jr.'s “Build Back Better” agenda heating up in Washington, D.C.? Get answers live along with thought-provoking insights and strategies amid uncertainty with Simply Tax® Talks, a new weekly live stream discussion starting Tuesday, October 26 @ 10 am CST. Join us here. GET MORE SIMPLY TAX We're excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We'd love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube

Buried in Biden's 2021 tax plan are new amendments to the U.S. Qualified Small Business Stock (QSBS) program, which, if passed, will impact early-stage startup employees, founders and investors.

Buried in Biden's 2021 tax plan are new amendments to the U.S. Qualified Small Business Stock (QSBS) program, which, if passed, will impact early-stage startup employees, founders and investors.

Expert discusses proposed legislation that retroactively takes aim at the tax benefits of QSBS and offers estate planning suggestions to prepare. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

Episode #40 Jonathan Fish, CEO & cofounder of QSBS Expert, explaining how to pay zero capital gains / no taxes on your gain up to $10m in tax savings or 10x the cost of your investment, whichever is bigger. Qualifications for Qualified Small Business Stock (QSBS) tax exemptions. The small business must have assets of less than $50m on the balance sheet (not valuation) at the time of the investment including the size of the round, must hold the stock for at least 5 years or roll or tack the exit gain into another QSBS qualifying investment within 60 days and hold for a total combined 5 years. Multiple rollover / tacks are permitted. Discussing which states adhere to federal QSBS and which states charge their own capital gains tax on QSBS stock disregarding the federal laws. How founders can best benefit from $10m or more in tax savings from their own gain of their QSBS startups and which documents to file as founders and when to start the 5 year clock ticking. How to gift some of your QSBS stock to trusts which can each get up to $10m+ from a single QSBS stock gain distributed to multiple trusts. Advice and recommendations on not being too overzealous with the QSBS programs and gifting strategies. How the federal Build, Back Better Infrastructure Plan may remove QSBS to free up more revenue to pay for the Infrastructure Plan and how that may stymie job growth, lost payroll tax and the multiplier effect of this program. How startups and investors can document and keep all records in good conduct to ensure benefiting from QSBS and other services offered by QSBS Expert and their other tax expertise. Note: 7BC Venture Capital and Andrew Romans are not offering any tax advice. This blog post and podcast are offered with the understanding that neither 7BC Venture Capital nor Andrew Romans is engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. https://www.qsbsexpert.com/ Video: https://youtu.be/RXl1Cs5g7C8 Contact us to learn about investing in our 506c VC fund which passes some QSBS tax savings to our LPs or joining our Syndicate on Angel List https://angel.co/s/sevenbc/ZZAgQ. Andrew@7bc.vc

Episode #39 Brian Cohen, General Partner, New York Venture Partners, Chairman Emeritus, New York Angels, legendary angel investor in Pinterest, Comixology, actively making 3 new investments per week, 100+ and NYVP. Advice to founders on how to raise angel and VC funding, make an emotional and personal connection with the angel, smile a lot, be funny, have breakfast, lunch and dinner with each company before investing, likes startups that understand the customer better than they understand themselves. All startups pivot, iteration is the new innovation, why taking too much capital too early is a huge mistake. I'm not in the investment business; I'm in the exit business. Must see a 20x return to buy into a current valuation and invest. A million reasons why to never invest in SAFEs. SAFEs do not get QSBS tax treatment. Love your investors that loved you and believed in you first. Check out part II of my chat with Brian in episode #41 as we continue our discussion. Check out Brian's book What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea: https://rb.gy/jveizm. Contact andrew@7bc.vc to learn about investing in our 506c parallel VC fund for accredited investors or join our syndicate to co-invest with us on a deal by deal basis. https://angel.co/s/sevenbc/ZZAgQ Video: https://youtu.be/TrOvU6OLxWE Find on all podcast platforms searching Fireside with a VC or Andrew Romans.

We all dream about starting up or investing in the next unicorn company. It sounds like a nearly impossible longshot that will probably never happen to us, but it happens more often than you think living in Silicon Valley. It's arguable that on the off chance we do grow a company worth $100+ million, founders and stockholders often don't know what to do when tax season arrives. Jack Russo and CPA Steve Rabin dissect the underlooked areas of QSBS (Qualified Small Business Stock) 1202 & 1045 that provide big benefits for small business stocks. DST – Delaware Statutory Trust Backdoor Roth IRA's Cryptocurrency and tax evasion

We all dream about starting up or investing in the next unicorn company. It sounds like a nearly impossible longshot that will probably never happen to us, but it happens more often than you think living in Silicon Valley. It's arguable that on the off chance we do grow a company worth $100+ million, founders and stockholders often don't know what to do when tax season arrives. Jack Russo and CPA Steve Rabin dissect the underlooked areas of QSBS (Qualified Small Business Stock) 1202 & 1045 that provide big benefits for small business stocks. DST – Delaware Statutory Trust Backdoor Roth IRA's Cryptocurrency and tax evasion

Episode 33 of the Legal Tech StartUp Focus Podcast -- Interview with Jonathan Fish and Kyle Richless, co- founders of Cap Gains Inc. and QSBS Expert In this episode of the Legal Tech StartUp Focus Podcast (www.legaltechstartupfocus.com/podcast), your host, Charlie Uniman, interviews Jonathan Fish and Kyle Richless of Cap Gains Inc. and QSBS Expert (www.qsbsexpert.com). QSBS Expert is Cap Gains Inc.'s first offering, one that helps startup founders, investors, and lawyers (among other startup stakeholders) understand the nuances of a significant US tax exemption that's available to eligible startups and their investors that qualify for this exemption's use. Jonathan and Kyle each first explain how their professional backgrounds led them to their co-founding Cap Gains Inc. and the introduction of Cap Gains Inc.'s QSBS Expert offering.  The “main event” follows as Jonathan and Kyle explain just what QSBS is and why it matters to startups and  startup stakeholders.  Hint:  QSBS stands for “qualified small business stock” and refers to what can be a financially significant US federal (and possibly state-level) tax exemption. Pay attention startups first, because there can be “real” money at stake here and second, because the availability of that potential for tax savings, as Jonathan and Kyle further explain, is subject to eligibility and qualification criteria that are chock full of nuance and possible trip wires that, if tripped, can “bust” the tax exemption's availability.  So, with Jonathan's and Kyle's able assistance, we get an overview of the history of the QSBS exemption, its motiving policy and some of the pitfalls to consider (and avoid if possible) to preserve the exemption's availability for otherwise eligible and qualifying startups and investors. Jonathan and Kyle go on to describe just what kinds of services QSBS Expert offers when it comes to understanding and taking advantage of this exemption.  Given the complexities of the law and regulations applicable to this exemption, QSBS Expert's service offering can be tax exemption-preserving tool that's well worth exploring. Charlie, Jonathan and Kyle conclude the podcast with the latter two discussing “words of startup wisdom” (WOSW?) that legal tech startup leaders should find helpful in managing their startup's business.

On this episode, trust and estate partner Steffi Gascón Hafen discusses qualified small business stock (QSBS) and the tax-efficient planning opportunities it can provide if you plan ahead.

Let's talk about Angel investing. What you need to know, how to get started and what to look out for. Joe Milam, Founder & CEO AngelSpan, focuses on investor relations for early-stage companies. Our host Joe Robert is going to discuss with Joe Milam about how to become an angel investor, what the difference is from investing in a fund. They also take a moment to discuss QSBS and the tax benefits related to this. * To find out more information from Joe Milam visit his website: https://angelspan.com Increase Your Net Worth by grabbing our FREE tax savings download, and Subscribing to our weekly newsletter. https://bit.ly/JRobert --------------- ***Connect across your favorite social platform: https://linktr.ee/Joerobert ***Subscribe to the podcast: http://bit.ly/JRPodcasts -------------- *DISCLAIMER: The information provided is not legal, accounting, tax, or investment advice.

Billy Libby, Co-Founder & CEO at Upper90 talks about what the term "hybrid fund" implies and how is it different from a "regular" fund. We talked about who should try raising debt and how can a startup separate the part of their business that is safe and raise debt backed by that chunk of their business. We also discussed what kind of companies should really go after debt and how to do it. Billy's LinkedIn: https://www.linkedin.com/in/billy-libby-76464b1/ Upper90: https://www.upper90.io/ QSBS - what is that? Here is the explanation: https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp

On this episode of Founded in Tech, Dan Krolikowski joins host Mark Eckerle to cover all your questions about QSBS – sometimes called Founders Shares. What exactly is QSBS? What does it mean for founders? What should holders of QSBS be aware of when it comes to best practices? Dan and Mark go in-depth on these questions and more on this episode of Founded in Tech.

In Episode 546, Rob Walling flies solo for a Q&A episode. With a backlog of great listener questions, Rob discusses qualified small business stock (QSBS), hiring entrepreneurially-minded employees, indie hacking while working at a large company, and more. The topics we cover [01:51] Should I switch to a C Corp to take advantage of QSBS […]       

In this episode, Trishul and Aaron discuss more ways the U.S. tax system helps the wealthy. Qualified Small Business Stock, self-directed IRAs, and Grantor Retained Annuity Trusts are all legal means by which rich people can side-step millions or potentially billions in taxes. But these are not just random loopholes. Now, corporations can legally spend unlimited sums of money lobbying politicians to write laws that favor, you guessed it, the wealthy. That's why it makes fiscal sense for a corporation to spend a billion dollars lobbying to save ten billion in taxes. In the end, if we think income inequality is a big deal, the first step to change is to understand how easy it is for the wealthy to avoid paying their fair share.Episode ReferencesMMS #37. How to get rich and never pay a dollar in taxes.MMS #27. Can a UBI really pay for itself?MMS #32. These estate planning tips can save you big time.The Veil of IgnoranceThe Biggest Companies Pay the Least in TaxFacebook and the IRS Prepare for a 9 Billion U.S. Tax Court FightThe 100 Million Dollar Mitt Romney IRAHow the Super-Rich Ducked 100 Billion in Estate Taxes since 2000How Walmart's Waltons Are Using Charitable TrustsThe Walton GRATCRAT, CRUT, CLUT, GRIT, GRAT, and GRUTU.S. Deficit by YearCitizens United ExplainedWho Pays More Taxes: Rich or Poor?Who Are the One Percent in the U.S.?Richard Wolff on Economic InequalityQualified Small Business Stock (QSBS)Podcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.