Every week, we advise our clients about how to handle their San Francisco Bay Area businesses, and particularly their finances.
It’s a big part of what we do around here, and many don’t even realize how much we’re willing and able to help. (And that’s fine, because we are plenty busy — but always willing to talk.)
We can help you with tax planning, financial advice, expense analysis, management input — it truly runs the gamut.
One of the conversations we’ve often had over the years revolves around real estate, specifically in the commercial realm. So, I thought I’d put together a little list of reasons why your San Francisco Bay Area business might consider whether or not to buy its own building…
Should You Buy A Building For Your San Francisco Bay Area Business?
“Confidence comes not from always being right, but from not fearing to be wrong.” -Peter T. Mcintyre
Here’s a quick list of 26 good reasons to buy a building for your San Francisco Bay Area business:
All that said, there are certain reasons that it may NOT be in your best interests to purchase:
* You do not want to leverage your investments by adding a mortgage to the mix.
* You don’t have the cash flow or capital to purchase the building.
* You are expanding and will likely need a different building in the future.
* You need the money it would take to purchase the property for living expenses.
* You are thinking of retiring soon.
Of course, any of the tax-based strategies will depend on your particular situation, and will have to be leveraged carefully and correctly. But if anything on this list catches your eye, let’s have a strategy session together.
Email me or call: (650) 477-0165
Feel very free to forward this article to a San Francisco Bay Area business associate or client you know who could benefit from our assistance — or simply send them our way? While these particular articles usually relate to business strategy, as you know, we specialize in tax preparation and planning for San Francisco Bay Area families and business owners. And we always make room for referrals from trusted sources like you.
Eggers & Eggers of Silicon Valley