4min chapter

The Startup Ideas Podcast cover image

Building a Mini Berkshire Hathaway

The Startup Ideas Podcast

CHAPTER

Buy a Business With an SBA Loan

Business owners are able to buy businesses with loans against the cash flows of those businesses. You can sell up to ten million dollars of that stock a tax free, but you won't pay federal capital gains on it. Each person m gets a ten million dollar exclusion. The beautifloric thing is this incentiveizes people to go and build jobs and create employment. It's not only an america thing. I don't know if the equivalent anywhere else in the world ok?

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