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The How of Business - How to start, run, grow and exit a small business.

366: Tax Structuring for Wealth Building with Sharon Winsmith

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7 β€’ 522 Ratings

πŸ—“οΈ 12 April 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary

Tax Structuring and planning for Wealth Building for small business owners and entrepreneurs with Sharon Winsmith. Sharon is an experienced tax attorney and the founder of Winsmith Tax – helping her clients develop sustainable tax strategies for building more wealth.

Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start,

0:11.3

run, and grow your small business. And now, here is your host. This is Henry Lopez and welcome to

0:17.6

this episode of The How of Business. My special guest today is Sharon Winsmith.

0:21.9

Sharon, welcome to the show. Thanks, Henry. I'm a big fan of the Howa Business podcast.

0:26.5

Thank you. I'm a big fan of yours, as people don't know, but they will soon. I got to know Sharon

0:32.6

because she has been a coaching client of mine, and now I'm also a client of hers.

0:38.1

She's doing some tax analysis and structuring work as well as tax return work for me this year.

0:44.7

So we're clients of each other.

0:47.5

So what we're going to focus in on this episode is looking at a comprehensive look at tax structuring, tax structuring, not

0:57.1

structuring, and wealth building for small business owners, whether you're thinking about

1:02.2

starting a business or you have a small business. These are things you've got to be thinking

1:06.6

about. Certainly you can adjust your illegal entity and your structure over time. And in fact,

1:11.7

you should. And what I'm going to chat with Sharon on this episode, it's just that holistic

1:17.4

view and then some tactical and practical tips to think about, at least some questions to think

1:22.3

about that might lead you to either schedule a free consultation with her or speak to your current tax advisor

1:29.1

about how you might structure things differently to take full advantage of the

1:34.7

money and the wealth that your small business is helping you build.

1:39.7

If you want to receive more information about the HALW business, including links to the

1:43.5

show notes page to this episode and also to schedule a free coaching consultation with me,

1:48.8

you can text the word biz, B-I-Z to 772-837-5700, or just visit the howab business.com.

1:58.3

So let me tell you a bit about Sharon. Sharon Winsmith is an experienced tax attorney

2:03.1

and the founder and owner of Winsmith Tax, which is focused on helping her clients develop

...

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