I would recommend talking to a tax advisor since they know the legal ways to avoid taxes; not that B&B is talking illegal stuff or that you don't know what you are talking about. Professional tax advisors and CPA's are among the few people that can legally give you advice and keep you out of trouble with the IRS. I am ready a book called 'Stop Sitting on Your Assets' by Marian Snow, and while focuses on how to make money by utilizing home equity and the benefits of a mortgage, it talk about the knowledge a tax advisor and CPA's have over other finance personnel. It will change the way you look at your mortgage and investing for the future and retirement. And being business owners it may give you some good ideas on how to avoid taxes and the liability you and a business face if you own your house(paid off). Not trying to sound like a sales person for a book or theory, just want to share some info that may help some people and make them money over the traditional way "we" deal with finances, mortgages, and saving/earning money. It's at the public library so it won't cost you a thing to read it, and the knowledge you gain could make you millions. So if anyone has a mortgage or is planning on getting one/refinancing you should take a look-see. I have a feeling that reading this book could help you in your business and educate you some on how to avoid paying too much taxes, or at least point you in the right direction and towards the right professionals to help you plan. Sorry again if this seems too far off topic, and for rambling on. Moral of this post: Talk to a tax advisor about your business and home/mortgage possibilities. Like they say, "You don't know what you don't know."
