Rob Luna
๐ค SpeakerAppearances Over Time
Podcast Appearances
Tax-free.
Wow.
As long as it's structured that way, the first 15 million, there's some caveats around there, but it's not really that difficult.
The main thing is before you start making money or you have some other entity set up, it has to be structured the right way from the beginning.
You have to hold it for five years.
Now, I think after two years, it's like 50% tax-free, but at five years, 100% of that is tax-free.
And that's huge for small businesses, right?
Versus giving...
20% of that to the government plus whatever your state is.
So if you're in California, 34% of that go to them.
If you're in California, even,
You'd have to pay the California tax, but the federal on that is zero.
You pay zero federal tax on that.
So that's something a lot of people don't know.
The other one that I just want to hit on is R&D credits have been restored back.
Now, R&D credit's a little bit more complex, but every business, your business, my business, all has research and development.
We're trying to expand new products, especially with AI.
We're trying to see how can we use AI to create new processes or procedures.
And so there's some metrics that need to be
So if you talk to your CPA, a qualified team, we're doing it.