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Starting a joint venture: Part 1

The term “joint venture” stretches back to the discovery of the New World, and played a fundamental role in propelling Europe from economic afterthought to financial juggernaut. In that seafaring era, Europe’s gaze rested far from home. But ocean-striding ships bursting with gear...
Posted On Jul 16 2019 06:00
, By Jordan Sundell (Special to the Saipan Tribune)

A new super-tax break: Investing in “Opportunity Zones”

Last time we spoke about a powerful tax strategy—1031 exchanges. Now let’s discuss another option: Investing in opportunity zones. In 2017, Congress updated tax law. At the time, people focused on how the law slimmed corporate tax rates. But it also created a new t...
Posted On Jun 18 2019 06:00
, By Jordan Sundell (Special to the Saipan Tribune)

1031 Exchanges: Never pay capital-gains tax again—maybe

Paying taxes is not fun. For many people, it’s their biggest expense year in and year out. But maybe it doesn’t have to be. How so? By taking advantage of Section 1031 of the Internal Revenue Tax Code. This section allows you to exchange one investment property for another...
Posted On Jun 04 2019 06:00
, By Jordan Sundell (Special to the Saipan Tribune)

Bid to put up paragliding business in Marpi is denied

The Zoning Board denied Wednesday a company’s application for permit to operate a powered paragliding business on a private land along Banzai Cliff Road in Marpi. Citing the law that prohibits paragliding activity in Marpi, Zoning Board director Mariano Taitano recommended...
Posted On May 31 2019 06:00
, By Ferdie De La Torre
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