Qualified Small Business Stock — QSBS
QSBS, baby.
Rained hard last night. We like a good rain in Texas. Keep the temperature down, but I always fear the mosquitoes.
So, speaking of mosquitoes, let’s discuss the QSBS — Qualified Small Business Stock. [Nice segway, eh?]
Stop — DO NOT TAX ADVICE FROM AN EIGHT CYLINDER V8 MUSCLE CAR UNDER ANY CIRCUMSTANCES. Think of this like sitting next to a drunk at a bar who is slurring his words and falls off the stool twice. That good. No more.
Oh, one more thing — if you are an entrepreneur, founder, ground floor stock owner — listen the Hell up. Trust me.
OK, so the QSBS is a great deal if you qualify. It will allow you to exclude up to 100% of your profits in a qualified small business up to $10,000,000 under certain conditions. This is the kind of money we are talking about here.
