The Internal Revenue Service unveiled proposed regulations for the Opportunity Zones (OZ) incentive, addressing gains invested in qualified opportunity funds. The rules provide investors with guidelines about how they can qualify for special tax breaks in so-called Opportunity Zones — underdeveloped areas where the U.S. government is trying to promote investment. They specify that only capital […]
Archive | Exit planning
Successfully Exiting Your Business
Last weekend, I ran into an old friend who was a little frustrated. He said he is still trying to retire by exiting his business. He has tried twice and not succeeded either time. It reminded me of the old saying that “it’s easier to get into business than to get out of it.” Many […]