Clive Connors
St. Northvale, NJ (USA)
Role(s):
Other
Clive Connors
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Startup
Location:
St. Northvale
Industry:
Bio-Technology
Year Founded:
2004
Number Employees:
10-50 people
Description:
Clive Connors
The Vision for the business, imparted with, through and for others, is the result of this ongoing process and a growing understanding of what the Vision means. All business activities being undertaken are sifted through the lens of Vision.
One of the highly valued qualities of good leadership is this ability to listen to all the voices, including customers and employees, and once having listened to them, determine the course of action that must be taken in a decisive way.
A consulting contract is taxed to the seller as earned income, generally the highest possible tax rate. The difference between the depreciated tax basis of equipment and the amount of the purchase price allocated is taxed to the seller at the seller's ordinary income tax rate. This is generally the second highest tax rate (no FICA due on this vs. earned income). The seller would prefer to have more of the purchase price allocated to goodwill, personal goodwill, and going concern value.
Clive Connors