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Podcast: Financial Survival Network
Episode: Benefits of Buying an Existing Business -- Michael Frew #5929
Description: Kerry Lutz and Michael Frew discussed the tax advantages of owning a software business, including research and development tax credits and asset depreciation. They also talked about advanced tax planning strategies, such as spinning off intellectual property into a trust to receive royalties and qualify for passive income. Additionally, they explored the potential of newsletters to increase cash flow and sponsorship deals, discussing various options for newsletters and the value of a targeted audience. The conversation ended with a discussion of areas of opportunity in the software business that the market has yet to fully realize. Find Michael here: Michael...