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Chris Princis Male Chicago, IL United States: Favorite

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First Name: Chris

Last Name: Princis

Job Title: SVP

Company: Brook Hollow

Type of Business: Other bank or financing firm

If Type of Business is "Other", please describe: Tax Deferral strategies for business sellers

Transaction Size "Sweet Spot" (USD): Small Cap (Less than $10 mm), Lower Middle-Market ($10 mm - $100 mm), Middle-Market ($100 mm - $500 mm)

City: Chicago

State: IL

Country: USA

About Me (Company description, Biography, Services I provide):: Headquartered in the heart of the financial and legal district of Chicago, IL, Brook Hollow Financial is uniquely qualified to assist clients, who are selling a business, and their advisors a tax deferral and growth strategy. We have CPAs, Attorneys, CFPs, and Tax Deferral professionals on staff to assist with your tax deferral solution. Our goal is to educate our clients on how to effectively utilize Section 453, and when applicable IRC 1031, of the IRS Tax Code. The end result is a minimization of capital gains liability and a maximization of a guaranteed investment gain.

Network with Me (Types of transactions I seek, Professionals I like to be referred):: Any advisors who assist sellers of a business or real estate

Chris Princis's Blog

Californication Without Taxation? Maybe not just California Dreamin’.

Posted on December 22, 2014 at 12:30pm 0 Comments 0 Favorites

As I prepare to move to California and open our SoCal office (LA), I reflect on something Phil Mickelson, Hank Moody, Shaq, Tony Robbins, and the Ex-Governator have in common…they all hated on California for its state taxes. And with an upper bracket of 13.3%, well, it’s easy to understand the frustration. Think about it, on $1M that’s $133,000 in just state taxes immediately working for the taxman, not for you. All the sun, sand, and surf can’t help ease that…

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Combining a Tax Deferral and Loan Strategy as a "Parking Lot" When a 1031 Exchange Fails

Posted on November 6, 2013 at 11:16am 0 Comments 0 Favorites

Case Study: When a 1031 Exchange fails and the client wants these funds to remain in Real Estate - the next best option.

Issue:

A client sold a highly appreciated commercial property with intent of completing a 1031 Exchange. He had one particular property in mind and thought it would easily close within the allotted 180 days. Early on in the exchange it appeared there may be some issues…

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Should real estate investors and business owners in CA listen to Phil Mickelson?

Posted on March 4, 2013 at 12:43pm 0 Comments 0 Favorites

Talk about hating to pay taxes! The golf world’s most lovable dude, Phil Michelson (a California resident) recently talked about retiring just because of the HUGE 2013 tax claw coming to grab his winnings. Especially with the CA tax hikes.

There was a great…

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