May 4, 2023
In this episode, Alex Sonkin and I discuss the Due Diligence Project. The due diligence project is essential for minimizing potential risks and making informed decisions when considering mergers and acquisitions, investments or partnerships. By conducting thorough due diligence, investors can identify any potential red flags, legal liabilities or operational weaknesses that could affect the success of the transaction or investment. For you to know how to succeed in online business, tune in now!
Links and Resources from this Episode
- https://www.practicalwealthadvisors.com
- https://www.practicalwealthsolutions.net/
- Email Curtis for a free report - curtmay@gmail.com
- Call his office - 610-622-3121
- ERC Tax Credit - https://ercspecialists.com?fpr=curtis75
- Schedule a call with Curtis:
- https://aptwithcurtis.as.me/Strategysession
- CashFlow Mapping:
- https://practicalwealth.cashflowmapping.com/lp/PWbudgetsstink
- Private Reserve Strategy: https://app.agent-crm.com/v2/preview/vWh4TyHnUBXdULimd82i
- Connect with with Alex Sonkin
- https://duediligenceproject.com/
- https://www.linkedin.com/in/alexsonkin
- Due Diligence Project Book: https://duediligenceproj.kartra.com/page/book
- Special Listener Gift
- Schedule a 15-Minute Call with Curtis: https://aptwithcurtis.as.me/Strategysession
Show Notes - Alex talks about his experience in the financial world and how his organization has created the largest independent peer review community of tax-focused CPAs and tax attorneys
- How most CPA firms and law firms are not effective at tax planning due to various reasons such as lack of time, knowledge, and access to strategic resources
- The importance of considering lost opportunity costs when paying unnecessary taxes
- Benefits of having an elite tax adviser who is familiar with finance, as well as having a team of knowledgeable financial professionals who can advise on various aspects of finance
- The importance of raising taxes to pay off the current massive U.S. debt, and the advantages of using life insurance policies as an investment option
- Eliminating income tax for business owners and utilizing non-traditional strategies to create future growth in a tax-free environment
- Putting resources into non-correlated asset classes (such as life insurance policies) to protect against potential risks from real estate, private equity investments, and business ventures
- Playing defense in the current unstable economic climate, focusing on tax strategies and finding secure ways to generate ROI
- Collaborating and connecting with CPAs to provide solutions to clients' questions and concerns, as they are the ones signing tax returns and are trusted by clients
- Acknowledging the significance of humbly admitting when one does not have the answer but having the resources and connections to find the answers for clients
- The importance of having a community and network to find answers for clients and providing support in various domains of expertise
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