Five Dumb Entrepreneur Tax Mistakes

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The best insight that can be given to any new business owner is the mistakes that have been committed by other entrepreneurs. These valuable lessons will help you avoid the common pitfalls that lead to business failure. But, in order to succeed, you need to read these common mistakes and understand them. It is frustrating how many new entrepreneurs know about mistakes other business owners have made, and still make the same mistakes themselves. This is because they tend to get so caught up in the moment of building their business that they do not stop to examine this development in its process. By the time they realize something is wrong, it is too late to reverse the actions they have previously done.

In this video, Andrew shares five dump entrepreneur tax mistakes you should avoid.

00:00 Start
01:33 Inorganic Tax Deductions
03:15 Tax-Friendly Countries
04:26 Bad Hiring Incentives
07:45 Retirement Accounts
09:42 Short-Term Focus
12:29 One Market Focus

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.