You’re a business owner. You’ve spent countless hours building your business. It’s your life’s work. And now that you’re ready to sell and move on, the government wants to take 30% of it? Is there anything you can do about it? Yes!
We bring on CEO and Founder of VFO Advisory Group, Vince Annable, to discuss tax planning and estate planning for business owners and to dispel the notion that you have to lose a huge chunk of what should belong to you and your family. Alongside guest co-host Steven Gurley of Goettl, host Chris Yano speaks with Vince about what VFO does for their clients and why you should be thinking ahead.
Money doesn’t come with a manual. In the home services industry, we’re so often focused on making money that once we have it, we don’t know what to do with it – and that’s okay! Just like anything else, it’s important to have coaching to maximize your potential. That includes your finances. And while you may not be thinking about it right now, at some point you’ll leave your business…willingly or not. Are you set up for success? Is your family?
With VFO, Vince is helping clients work through everything from tax planning and estate planning to buying a yacht or a private island. They coordinate and quarterback everything you need manage your wealth in a way that maximizes what you keep at the end of the day – and not just by throwing it all into stocks and bonds and calling it a day.
If you aren’t sure where to start, Vince recommends educating yourself. There are plenty of resources out there online. You could read Vince’s book, The Household Endowment Model. Or, better yet, you could reach out and schedule a consultation with VFO to get your education straight from the experts.