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Need advice if I should purchase a business now or hold-off till after January 2011

Hi ALL,
i've been hearing that on January 2011 we will be getting hit with a "TSUNAMI" of new taxes...

Should I take a wait and see approach on purchasing a business to see how these supposely new taxes will effect business across the country.

"In just five months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:"

http://www.jct.gov/publications.html?func=startdown&id=3646

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Answers (7)
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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

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Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 6, 2017
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Durgan and Associate Business Brokers
Camden County, MO

Hello from John York with Durgan & Associates. This is a tough one to answer because you do not state what type of business you are considering buying. In general if you buy one this year and close on it you will have some expense and tax advantages. Also you may enjoy a lower costs due to current market conditions. Also if you are in business at the first of the year you will have an advantage as to focus and direction for the growth and development of your new business. John York 636 497 5597

I have over 180 Million in business listings and would like to work with you.

Aug 1, 2010
Joseph DiBello
Vested Business Brokers
Career Development Officer/Broker
Suffolk County, NY

Opportunity is in the eyes of the buyer. Success for some people started out going in the opposite direction of the masses. Adversity and confusion breeds' opportunity for the less faint hearted. There are plenty of good business opportunities to explore, if you wait for the perfect time you will find it doesn't exist. I have over 3,000 listings you can look at and I will guide you to the right fit. Click on my name then click on "my links" this will be a good place for you to launch your future.

Aug 1, 2010
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Biz2Credit LLC
New York County, NY

Hi,

There is no perfect time to buy a business. If you find a good business at a good valuation do not wait. We at Biz2Credit do 100s of business acquisition deals across US and the most successful ones are one which were bought at sensible valuations and run in a proper manner.

Aug 1, 2010
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Hi Guys,

Thanks for replying..I guess what im concerned about with all these supposely new taxes coming down the pike..won't it adversely affect the economy and thereby hit the bottom line...Don why would there be an increased demand for business if the economy goes south...

Aug 1, 2010
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The BAF Group LLC
MD

The taxes you are concerned about would seem to take place, regardless of when you buy; they will not affect the actual transaction, but the operations of the business after January 2011. Thus, the question would not seem to be that of timing, but whether you should buy at all, given your level of anxiety.

The only reason to wait, would seem to be whether the prices of businesses will be lower, after the new taxes take place. But after that point, even if the prices come down, so will your ability to afford any purchase, because as you say, the proposed tax hikes will affect everyone - not just small businesses. So, it would seem there will be a leveling action across the board.

But I would not ask this question here; I would go directly to an accountant who does not have a vested interest in buying or selling a business, such as the writers of entries in this bulletin board. One of the questions you might ask is how your purchase of a business might even offer you an advantage, in buying a business. For example, if you finance such a purchase, will the interest on the loan be able to be deducted against the taxes that are proposed? That could turn to an advantage for you. But there is always another side: If that is the case, a lot of people will want to buy after January, meaning that the demand for business purchases could be high, and the prices will remain at current levels, or even go higher, as a result of the added demand.

You can analyze some things to death. Some people are "always getting ready to get ready", and never actually accomplish anything. If you are serious, narrow your level of questioning, aggressively and directly approach your research and then act decisively, one way or another.

Aug 1, 2010
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Freedom Business Brokers
Orange County, CA

Dear anonymous
In the business there are no taxes except Sales tax that you collect from the customer on retail merchandise and had it over to Dep Of equalization either monthly or quarterly.If it is a food item that you are
preparing and serving or this is a take out like Pizza delivery then there is sales tax otherwise there is no tax on food items sold.
Nothing personal but you have an inculcating fear of taxes which nobody can take it out.I have run many
businesses and did not pay any tax besides sales tax. If you are talking about income tax that is tax on ordinary income that is universal and nominal and if you have a competent accountant he may or maynot
mitigate in lieu of your investment or expenses.
So my friend by all means you should buy a business now.
sid0653@hotmail.com

Aug 1, 2010

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