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Latest / Acquiring Minds

Buy a Business with Your Tax Bill

Adam Whelchel paid himself instead of the IRS, putting $35k down on an escape room doing $365k with room to grow.

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Topics in Adam’s interview:

Built a $1.5M accounting firm

Business brokerage opened the acquisition door

Wanted a business his daughter could appreciate

An escape room caught his attention

Fixed costs created massive operating leverage

Bought the business for roughly $220K

Put about $35K into the deal

Business acquisition as a tax strategy

Re-engaged customers and local…

The skinny

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