After paying rent for several years, many business owners are not thrilled about helping their landlord build equity in the building and ultimately they regret not purchasing the property from the outset. The principals at Beckner & Associates, a real estate firm in Lenexa, Kansas believe most businesses should own their own property. The hard questions are when and how. This is why it’s critical for small-business owners to consider the advantages of owning their property as well as understand the issues accompanying purchase. Advantages Tax deductions such as mortgage interest, property taxes and depreciation can help a small-business reduce the
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