About
Living his best life in Puerto Rico, Richard Harmon, together with the host, Steve Distante, discusses the pros of living in another country, including the tax benefits it entails. Richard moved to Puerto Rico in 2018 after a client of his expressed interest in doing the same. He found that, compared to the mainland US, Puerto Rico has much lower taxes (4% after a reasonable salary is deducted), no capital gains taxes, and is a great place to live overall. They also talk about raising capital and how to extract money from a business. Richard discusses how he helped to structure Tony Robbins' ESOP deal and how entrepreneurs can start using it for their businesses. Who’s The Guest? Richard Harmon began his CPA career at PwC. He was a top financial systems implementation specialist tackling numerous assignments for Fortune 500 companies. He founded TeamAlliance, a technology staffing company, opening offices in 30 states, and after a successful exit, started building several start-ups. Richard Harmon’s experience in public accounting, as a CFO, and as an entrepreneur, allows him to bring unique strategic insights and practical solutions to his investment banking activities as a Managing Director at CSG Partners. Highlights Why Richard decided to live in Puerto Rico Benefits of moving to Puerto Rico The ground rules when moving to Puerto Rico Best ways to reach out to Richard Harman How you can extract money from your business without selling it Employee Stock Ownership Plan (ESOP): What is it and why you should own one The benefits of an S Corp ESOP Utilizing money for businesses using S Corp ESOPs The benefits of an ESOP for a business owner How the process works for getting an ESOP Different opportunities for an entrepreneur to use ESOP Call to Action Join the Early Access List Episode Resources Connect with Steve Distante https://pitchology.ai/ https://joinvanderbilt.com/ https://www.facebook.com/stevedistanteCEO/ https://www.linkedin.com/in/stevedistante https://twitter.com/Sdistante https://www.instagram.com/sdistante/ Connect with Richard Harmon https://www.csgpartners.com/esop-advisory-team/richard-harmon https://www.linkedin.com/in/richardharmon/
46m 25s · May 22, 2023
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