“The ATO maintains a database of trusts that have made family trust elections and also trusts in companies and so on that have made interposed elections”
DM
David Montani
Accountants Daily Podcast Network ·
The a16z Show · Mark Cuban on Why AI Could Turn Solo Founders Into Trillionaires
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Set a flat 15% markup on cost-plus drug sales to build trust and maintain margins
15% markup
“The ATO maintains a database of trusts that have made family trust elections and also trusts in companies and so on that have made interposed elections”
“We're left with $18, so $100 sale minus $30 of cost of goods, minus $6 for TikTok, minus $15 for the creator, minus $20 for GMV Max, minus $8 for fulfillment and shipping, minus $3 for returns equals an $18 contribution margin.”
“Building a network of other trusted business advisors who are going to hear long before you hear that a business is looking for sale.”
“We maintain margin neutral on them because we mark up to offset the fees.”
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