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The Art of Borrowing Money Responsibly
Key Takeaways:
Use Assets Wisely: Borrowing against valuable assets instead of selling them can provide access to cash while potentially reducing taxes and keeping the asset invested.
Use Tax Strategies: Depreciation and cost segregation can create tax deductions that may lower taxable income while the business continues to generate real cash flow.
Manage Risk Carefully: Have a clear risk management plan to make sure borrowing stays under control and the business can handle financial downturns.
Think Long Term: Tax strategies such as depreciation should fit into your larger financial plan…
The skinny
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