Living his best life in Puerto Rico, Richard Harmon, together with the host, Steve Distante, discusses the pros of living in another country, including the tax benefits it entails.
Richard moved to Puerto Rico in 2018 after a client of his expressed interest in doing the same. He found that, compared to the mainland US, Puerto Rico has much lower taxes (4% after a reasonable salary is deducted), no capital gains taxes, and is a great place to live overall. They also talk about raising capital and how to extract money from a business. Richard discusses how he helped to structure Tony Robbins' ESOP deal and how entrepreneurs can start using it for their businesses.
Who’s The Guest?
Richard Harmon began his CPA career at PwC. He was a top financial systems implementation specialist tackling numerous assignments for Fortune 500 companies. He founded TeamAlliance, a technology staffing company, opening offices in 30 states, and after a successful exit, started building several start-ups.
Richard Harmon’s experience in public accounting, as a CFO, and as an entrepreneur, allows him to bring unique strategic insights and practical solutions to his investment banking activities as a Managing Director at CSG Partners.
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