Federal and State agencies are systematically removing the incentives, programs and potential rewards that motivated millions of people to work hard, sacrifice much and risk everything to open their own business, take charge of their future and turn their American Dream into reality. Federal and State agencies have made it abundantly clear to American business that there are no plans in the foreseeable future for favorable state or federal taxation initiatives, profit retention legislation, cost of doing business limitations or pro-growth initiatives.
This leaves today’s business owners in a rather precarious position. When all is said and done, business owners will decide on one of the three following courses of action:
- They will sell or liquidate because the odds of economic growth & acceptable profit margins are unrealistic based on the adverse conditions facing ownership in today’s business environment.
- They will consciously or sub-consciously make the decision to do nothing. Hope may spring eternal, but working hard doesn’t offset the loss of owner benefits and tax incentives that they used to receive from Federal and State agencies. Over time, profitability slips away as does the possibility of simply breaking even. Increased expenses and taxes continue to grow and suck the life out of what once was a proud and profitable business. Game Over!
- Statistics show that business owners who have found success in less than ideal circumstances have certain characteristics in common. Confidence, self-reliance, perseverance, strong beliefs and the ability to succeed where others have failed are all high on the list. These business owners make the decision to find a way to not only survive, but thrive under such adverse conditions and they found a way to do just that.
The solution for business owners came in the form of a highly specialized Proprietary Business Trust and a series of accompanying legal documents and Proprietary Systems. The intended ramifications and expected benefits of using a Proprietary Business Trust, Accompanying Specialized Legal Documents and Proprietary Systems include limiting liability, deferring income taxes, the elimination of withholding and employer paid Social Security benefits, eliminate unemployment tax, eliminate workman’s compensation tax, increase business profitability and the reduction or elimination of liability insurance.
