Joe Biden’s tax proposals are awakening investors to the possibility that they’re going to get hurt badly! But there are always alternatives to pending doom, and Opportunity Zones may be that vehicle. In this podcast, Ellavoz Impact Capital CEO Bob Hutchins goes over the specifics of the Biden tax proposals with respect to corporate taxes, income taxes, (and most significantly) capital gains taxes and explains why there are so many incentives to investing in “shared value” Opportunity Zones Funds, including the impact of estate taxes, gift taxes, step-up in basis taxes and other tax strategy implications as well as the time sensitivity of these investments. You’ll get a full CPA education in less than 45 minutes!
Listen to “What Biden’s Tax Proposal Means to Impact Investors in Opportunity Zones” on Spreaker.
What do you do when all your significant tax strategy instruments may not be there in the future? You consider Opportunity Zones investing as they offer excellent tax shelters for individuals and businesses faced with substantial capital gains. But not all Opportunity Zone Funds are alike. Some concentrate on straight real estate investments. Others invest in businesses. Some do both. As Mr. Hutchins explains on the podcast, his Ellavoz Impact Capital Fund likes to invest in business-related real estate including workforce housing, mixed use, and other real estate hard assets in the areas they have businesses in.
But as mentioned on a previous podcast, his fund does impact investing in what he calls “shared value investing” where they are investing with the intent to solve societal problems. When you listen to this podcast, you’ll learn exactly what he means by that, plus what he thinks of environmental, social, and governance investing (ESG) and why using Opportunity Zones are a legacy vehicle to not just avoid paying taxes, but also to revitalize communities with the basic foundation of all societal needs: safe and affordable housing.
Ask yourself this question: “What do you want YOUR legacy to be?” True impact investing can get you there in a lasting transformable fashion! But you can’t do it on your own. Contact Bob by email here or directly at (908) 330-2029 for more information. You can also visit his website at www.Ellavoz.com and start to align yourself with knowledgeable industry professionals and advisory professionals who are there to help guide you through the way.
ABOUT OUR GUEST: Robert Hutchins
Mr. Hutchins is the Managing Director of the Ellavoz Shared Values Opportunity Fund and President & CEO of Ellavoz Impact Capital. The company sponsors and manages the Ellavoz Shared Values Opportunity Fund and the Ellavoz Impact Angel Network. He is a retired Partner of Withum, Smith+Brown which is a regional CPA firm with approximately 1,300 employees. He graduated from St. Peter’s College and began his professional career with Price Waterhouse & Co., in Hackensack, New Jersey. Prior to combining his accounting practice with WSB, he was managing partner of Hutchins, Farrel, Meyer & Allison. Mr. Hutchins is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants, as well as the National Association of Certified Valuation Analysts.
Mr. Hutchins was cofounder and executive chairman of Biofortis, Inc. (www.biofortis.com), a bioinformatics company which acquired IP from Johns Hopkins University and subsequently was sold to a NYSE company in 2018. He has served on the board of directors of both public and private companies. As an entrepreneur, he has been an angel investor as well as executive leadership in real estate, hospitality, digital healthcare and life science companies. Mr. Hutchins has been, for over 20 years, the managing director of Helensburgh Capital and related entities. He is advisor to SFO Management LLC which is a private Single-Family Office.
Mr. Hutchins professional experience includes audit, tax, advisory and financial planning for high net worth individuals and their family-owned businesses; as well as consultant to single family offices for their private equity direct investments. In addition, he has served as financial advisor in the private placement of securities and public offering of debt. He has served as an advisor for business acquisitions, turnarounds, sales and succession planning. Mr. Hutchins has been appointed by the courts as an expert in business valuation, economic damage measurement and receiver or mediator for business litigation matters.
In his community, Mr. Hutchins is a founder and Chairman of the Board of Trustees of Ocean Housing Alliance, Inc., a non-profit organization operating a 48-bed residential health care facility and low-income housing for mentally disabled individuals in Ocean County, New Jersey. Mr. Hutchins is also a cofounder and Treasurer of the Board of Trustees of Joan Dancy & P.A.L.S., an ALS Support Group Charity in Monmouth County. He is past Chairman of the American Cancer Society & Ocean Unit and served on the Board of Directors of the Eastern Division of the American Cancer Society. Mr. Hutchins is a lifetime Excalibur Society member of the American Cancer Society. He has also served as an elected Board Member of the Toms River Regional School District, appointed member of the Ocean County Mental Health Advisory Board and The FoodBank of Mammouth & Ocean Counties (now Fulfill).
IMPORTANT!
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.
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