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Originally Posted by Dogs Enthusiast 104
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Maybe after wages are paid to Mommy, Daddy, Billy and wife, Joey and wife, they are not profitable . . . maybe break/even, are they profitable prior to paying family wages ? I am guessing they are.
However when they were at the Jack I am guessing they were losing money. And no doubt I am sure COVID crushed them badly.
Sale prices are usually based upon multiples of earnings . . . If they were to sell I am sure they would make out ok especially on an after tax basis if structured as efficiently as possible for tax considerations.
Ask an accountant what 1 + 1 equals and the accountant will say . . . Well what do you want it to equal? (I would know as I am one lol)
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