For an entrepreneur, a liquidity event can be rewarding both financially and emotionally. However, when the tax bill associated with this emotional and financial high comes due, reality swiftly grounds you. For certain business owners anticipating a sale in the near future, we feel it is important for them to be aware of a special section of the tax code that can result in significant tax savings.
If you are interested in investing in an Opportunity Zone, you should consider weighing the benefits and risks. In our previous blog post, we shared some basic information regarding Opportunity Zones and how they work.
If you have been curious about Opportunity Zones, you aren’t the only one. We’ve been researching this topic too and felt it important that we share some helpful knowledge to our clients as well as any investors considering this as a potential investment.