Skip to Content
Help wanted sign
In The News

Small-business leaders: Brain drain, state tax income are on the line

September 6, 2016 / 1 min read

The scenario: A small-business owner in Michigan, close to but not necessarily at retirement age, meets with a financial adviser to consider selling the company. He decides to move to Florida — in part for the climate and in part because the Sunshine State has no income tax — and buy a condo with the tax savings.

Rob Fowler calls them cashed-out entrepreneurs.

And he says he has seen it happen three times in roughly eight years, by former members of the board of the Small Business Association of Michigan, of which he is president and CEO.

Read more on Crain's Detroit Business >>

Related Thinking

Two professionals looking over R&D tax and accounting considerations for their technology company.
May 8, 2025

Technology companies: Key accounting & tax strategies for R&D expenses

Webinar 1 hour watch
article 2
May 8, 2025

April's market swings add to a volatile start to the year

Blog 3 min read
article 1
May 8, 2025

Weak consumer sentiment: A contrarian signal?

Blog 2 min read