Investor · Safety Harbor, FL · Member since 2016 · 83 posts · 42 votes
Hi BP Community, I'm just getting started and plan to form my company soon. I heard someone on a BP podcast mention an advantage of his wife owning 51% of their real estate business, but he didn't elaborate. I am thinking that there are some advantages to having a woman owned business and want to find out more. My wife is also a minority and I am curious if there's also an advantage to having a minority owned business. Do any of the wise folks at BP have additional information or sources where I can learn more about this? Thanks in advance!
He was probably referring to income splitting as opposed to advantages of being a woman or minority. Can't see and other financial advantage to gender or minority status. I may be wrong but I personally would place no additional value on it.