Why Am I Passionate about Installment sale structures?  

 

                                      A Hard Lesson that Resulted in a Clear Higher Purpose

 

I sold a business on a standard IRC 453 installment sale. (Basically an IOU)  I received an installment contract with the promise to pay overtime secured only by the business asset I sold.  The buyer leveraged the business borrowing millions, failing to perform services, destroying the company reputation, and creating litigation situations for the business.  The buyer later fled the state with millions and defaulted on the installment contract. My only recourse was to take back the business asset that was now worth millions in liabilities and attached to piles of litigation.  I lost seven figures and my entire life savings.  This was a hard lesson to deal with. I grew up in a household with very limited financial resources and became a self-made millionaire early in life only to have it torn away due to a flawed exit plan. 

 

This is why Tax Deferral Services only offers tax-deferred sales structures that are fully funded at close removing the default risk that I suffered from.  Every tax solution we provide maintains Seller's control and protects their best interests.  I am lucky I was young and resilient enough to rebuild.  Many of my clients could not afford to suffer the consequences of a flawed exit plan.  This hard lesson has given me the ability to help my clients avoid risk and receive the proper planning and resources needed to pursue their goals with confidence.

 

This experience was not easy but I turned it into a positive higher purpose.  I realized I was blessed and strengthened by this experience.  I realized I now had the ability to pursue a higher purpose.  Empowering people by providing tax solutions that allow more financial resources to be allocated to help my client's loved ones and favorite charitable causes.  Simply put;

 

                                                   

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