Raise cash and improve Balance Sheet at the same time
Raise cash and improve Balance Sheet at the same time
What advice do you have to help me grow my idea?
Idea Description
If you have valuable asset, a $100,000 printing press for example, fully or mostly paid off, with years of usable life left you can sell it to a leasing company for its market value and receive a cash windfall. You will have to pay normal taxes on this cash according to your depreciated value of it, but you will also have a new business expense for the lease payments, the amount will lower your future business taxes accordingly and your balance sheet will show a significant new asset -- more cash.
What will you do if you win $10,000 for this idea?
Reduce my current R & D expenses.
Vote for it now.
Ingenius idea. I can certainly use this. Thank you jjreidy!
Great idea - Leighton Allenby "73" http://www.8Trillion.com http://www.Gr8WorkFromhome.com http://www.AllenbyTravel.com