Why Every W2 Employee Should Consider Owning a Small Business

Why Every W2 Employee Should Consider Owning a Small Business

In this eye-opening episode, we delve into why every W2 employee should seriously consider starting a small business. Join us as we uncover the tax-saving strategies and financial benefits that owning a business can offer, even for those still working a traditional job. From entity structures to leveraging assets, we leave no stone unturned in exploring how small business ownership can optimize cash flow and minimize tax burdens. Featuring insights from experienced CPA Michael Reeder, this discussion is packed with actionable advice for anyone looking to take control of their financial future. Don't miss out on this essential guide to maximizing your income and securing your financial freedom!

Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
00:00 Introduction and Importance of Tax Strategy
03:53 Choosing the Right Business Entity
06:55 Multi-Member LLC and Audit Mitigation
09:15 Strategies for Offsetting Income with Business Expenses
12:00 Using Equipment and Assets for Tax Benefits
24:38 Maximizing Tax Benefits for Business Owners
31:01 Finding the Right CPA and Working with Them
38:10 Benefits of Owning a Business
42:36 The Impact of Taxes on W-2 Employees
44:00 Benefits of SBA Loans for Startups
48:44 The Value of Strategic Debt
51:43 Utilizing Business Credit
59:15 Optimization in Financial Planning
01:02:16 Importance of Having a Team of Advisors
01:03:20 Investing in Business Partnerships

💥 Thanks for watching 💥
#SmallBusiness #TaxStrategies #FinancialFreedom #W2Employee #Entrepreneurship
#TaxSavings #CashFlow #BusinessOwnership #CPAInsights #FinancialPlanning

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.