Asset protection should be a high priority for anyone who has any financial assets. As a business owner, it is a little more complicated. You have personal assets and you may also have business assets. When it comes to personal assets, it is important that they are kept separate from your business assets. Here are 5 tips that you can use to help..
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A capital gains tax is an income tax the IRS imposes on proceeds from a sale of an asset. Basically, a capital gain is the difference between what you paid for an asset and the amount of the subsequent sale. The assets targeted for a tax on capital gains are capital assets like stocks, bonds, jewelry, a coin collection, and your home.
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