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.Register for the webinar: The Deal I Almost Bought (And Why I Passed) - TODAY!! - https://bit.ly/4hVeKikTopics in Adam’s interview:Built a $1.5M accounting firmBusiness brokerage opened the acquisition doorWanted a business his daughter could appreciateAn escape room caught his attentionFixed costs created massive operating leverageBought the business for roughly $220KPut about $35K into the dealBusiness acquisition as a tax strategyRe-engaged customers and local businessesPlans to double capacity to 20%References and how to contact Adam:LinkedInAxis Accounting & TaxJeff Homer on Acquiring Minds: 1 Music School to $100m in RevenueAdam’s slides Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital AdvisoryGet a complimentary IT audit for acquisition diligence or post-close transition.Visit inzotechnologies.com/eta.Contact Jenny to learn how Engage can run people operations in your acquisition:Jenny Thear: jthear@engagepeo.comConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron