Hardy asked Andy to help him calculate his assets. Andy smiled and said, "Boss, there's no need to calculate. I have your tax return from last year. Your assets are clearly visible."
Hardy took the thick receipt and looked at it.
HD Security Company, profit of $60,000, expenditure of $3.25 million, loss status, tax return of $20,000.
"Do we still have to pay taxes on losses?" Hardy asked, pointing at the list.
"Federal corporate income tax, California corporate income tax, local taxes, and more than a dozen other items. This is already the minimum within the legal range," Andy waved his hands.
All right.
Andy is an expert in this area, and Hardy trusts his tax avoidance ability.
HD Films, with revenue of $320,000 and expenditure of $520,000, is still in the red and reports a tax of XXX.
HD Brokers, HD Music, Andy Financial Accounting Firm, Wash Mining, Rocky Mountain Mineral Water, Maybelline Television, Auction Company, Estee Lauder, HD Airlines.
All of the above have lost money, and many have large loans.
You don't know until you see it. You will be shocked when you see it. Although you seem to have a wealthy family and a big business, you are actually heavily in debt.
But there is good news.
The Barbie doll factory is very profitable and now earns Hardy $100,000 a month, while the most profitable is Playboy magazine, which earns about $400,000 a month.
However, these profits were not distributed but kept in the company's account. If Hardy distributed the money, he would still have to pay personal income tax. The personal income tax in the United States is very high. If Hardy took out all the profits, his tax rate could reach the highest level of 39.6%.
If it is 4 million, then you have to pay 600,000.
The IRS is fucking shady.
Hardy looked at his legal income this year, which was $2,652.56. That's right, more than $10,000, which is right at the lowest personal income tax bracket.
pretty.
This is what professionalism is.
"Everything I earn and spend is legal, so the IRS can't find any trouble with me, right?" Hardy asked.
He knew that Alcapone's gang was worth hundreds of millions of dollars, and they killed people and sold bootleg liquor, but in the end they were caught by the IRS and sentenced to years in prison just because they failed to report hundreds of thousands of dollars in taxes from the casino.
In the United States, drug trafficking is a non-violent crime and not considered a serious crime. Theft is even less worth mentioning, but tax evasion is a very serious felony.
"The only things that are permanent in this world are death and taxes."
Hardy didn't want to cause trouble for the IRS, so he had to pay the taxes he was supposed to pay. However, there are always two sides in this world. Where there is the IRS, there are financial accountants, and financial accountants are specifically used to deal with the IRS.
Andy smiled.
"Boss, don't worry. Andy Financial Accounting Firm now has five professional financial personnel, six accountants, and three financial lawyers. Two of the accountants are retired professional accountants from the IRS. With their inspection, we guarantee that there will not be a penny difference."
"That's good." Hardy smiled.
As for the gang, it has nothing to do with Hardy. There is no evidence that can be linked to Hardy from the Los Angeles company. As long as the business is legitimate and legal, Hardy is the most innocent person in the world.
Judging from Hardy's current balance sheet, he is actually personally in debt, and his debt is millions.
"I want to acquire AB Radio. How much money do you think you can get?" Hardy asked again.
"It's not difficult for the boss to raise money. Not to mention other assets, the current valuation of Playboy magazine alone is over 50 million US dollars. If you use Playboy magazine as collateral, many banks are willing to lend you more than 20 million US dollars." Andy said.
"If all the assets are taken into account, a loan of 40 million is no problem. We have a cooperative relationship with Wells Fargo Bank, so it is very convenient to get a loan from them."
After hearing what Andy said, Hardy had an idea in his mind, and now he was just waiting for the news from Henry's investigation.
Two days later Henry came back.
Hardy specifically called Andy to listen together, after all, the next acquisition mission would definitely be Andy's job.
Henry handed Hardy a thick file.
Introduction:
"This Edward Noble is the owner of a candy company. He is 50 years old this year. The headquarters of the candy company is in Springfield, the capital of Illinois. Noble has been running the candy company for more than 20 years. It mainly produces fruit candies, milk candies, and coffee candies. He is worth two to three million dollars. Noble really made his fortune because of the outbreak of World War II."
"After the outbreak of World War II, the military's procurement of materials increased sharply and new suppliers were needed. Noble was selected by the military to become one of the sugar suppliers. From then on, his candy company's sales reached 6 million that year."
"For the next few years, Noble worked as a supplier and made a lot of money. He didn't know how to invest the money. When he heard that Blue Nets was going to be sold, he thought it was an opportunity, so he took out all his money and took out a loan. In the end, he bought Blue Nets for 10 million. At that time, many people praised him for his courage."
"But after he bought Blue Network, he found out that he had been cheated by NBC, which took away almost all of its staff, leaving him with only a bunch of equipment and an Internet protocol."
"He was not originally from a broadcasting company and had no idea how to run a TV station, so he hired someone to manage it. The current manager is called Reiman, who used to run a local TV station."
"Riemann gave Edward Noble a lot of suggestions at the beginning, arranging new programs for different time periods. As you know, it takes a large production team to support a TV station's programs. The two radio companies, BS and NB, have 400 to 500 employees."
"Moreover, producing a program also requires a considerable investment. We need a studio to shoot TV series, record various programs, purchase copyrights from other companies, etc. The report that Reiman gave to Edward Noble indicated that an investment of about 5 million would be required."
"After all, he had no foundation at all and needed to build something from scratch."
"The income of TV stations mainly comes from advertising. If you don't have good programs and don't attract audiences, no one will spend money to advertise on your TV station. To beat other TV stations and gain a certain share of the ratings in the market, you need continuous investment."
"Edward Noble felt that the TV station was a quagmire. He thought that if he continued along the path pointed out by Reiman, even his candy company might be affected. He immediately chose to give up and let Reiman recruit more than 20 people. As long as the TV station could be maintained, the daily program was to read the newspaper in front of the radio and then chat with two people, talking about current affairs commentary, gossip and other programs. In short, they did whatever they could to save money."
"In this way, without programs there will be no ratings, without ratings there will be no advertising, and without advertising there will be no money to make. Every year, Edward Noble will have to pay a lot of money for staff salaries and equipment maintenance."
"Is there no one who wants to acquire AB?" Hardy asked.
"Of course there are people who want to acquire AB. According to what I have heard, there are many companies that want to acquire AB. However, Edward Noble's offer is not low. Some people just give up, while others continue to negotiate with Edward Noble."
"Two of them are more persistent and have not given up yet. One is Pegasus Rubber Tire Company, which was also one of the tire suppliers for the military during the war and made a lot of money. The other is the famous Hollywood Paramount Pictures."
Hardy thought that since Paramount was involved, it seemed that these people had good vision.
"A year ago, Pegasus Rubber & Tire Company proposed to acquire the company. Edward Noble offered 20 million dollars and took Pegasus Rubber & Tire Company away. Half a year ago, the price for Paramount Pictures was 10 million dollars, but Paramount did not agree."
Twenty million, eighteen million.
Depend on,
So cruel.
Hardy had guessed that the candy store owner would raise the price, but he didn't expect him to raise it so much.
"Later, the two companies approached Edward Noble for negotiation, and now Edward Noble's asking price is 5 million."
"Oh, why is the price lowered again?" Hardy was a little surprised.
"After World War II, the military laid off a large number of employees, so naturally there was no need for so many suppliers. The candy company used to make millions a year, but now without the military supply, the profit instantly dropped to only a few hundred thousand a year."
"Edward Noble's candy company has already started laying off employees. They can't sell the goods and dare not produce so much. They can only reduce production."
"When he was making money before, supporting the Blue Nets was not a big deal, but now his annual income has dropped 0 times, and AB has become a big burden for him, so he is a little anxious to get rid of this burden."
Now Hardy understood completely.
5 million, this price is not low. Is he really going to sell everything he has as he said?
Hardy looked over the information in his hand carefully again, and then handed it to Andy, "Andy, the acquisition is now in your hands."
"Boss, are you sure you want to buy it? It's not easy to run a radio company?" Andy advised.
Broadcasting companies invest a lot, but the results are slow to come.
Unlike movies, which can charge tickets, it broadcasts programs completely free of charge and can only be supported by advertising revenue.
If you want people to advertise on your station, you need high ratings, high ratings require good programs, good programs require big investments, and big investments require a lot of money.
You have to develop your business before anyone starts advertising, and most people probably can't afford the initial investment.
Hardy naturally understood the reason behind this.
But what he values is not AB's ability to make money.
money,
He can make money in other ways, and he believes that with his abilities and vision for the future, it is not difficult to make money.
But if you own a TV station that covers the entire United States, you will have a certain influence in public opinion and your status will rise rapidly.
Public opinion is an extremely sharp weapon.
If you are unhappy with a company, you can send someone to investigate it, find out its problems and then expose it. Maybe one exposure can sink the company.
If you are not happy with a certain legislator or official, send someone to investigate him. If he is found to be corrupt, accepting bribes, or having affairs with other women, expose him, discredit him once and for all, and make him apologize and resign.
If you are unhappy with the president and curse him every day, doesn't the United States advocate freedom of speech? As long as we don't break the law, we can say whatever we want. I guess the president would have a headache seeing such media companies.
"Andy, go talk to the candy company owner and try to lower the price, but I have decided that I must buy it!"
Hardy said firmly.