R.K. and his wife are veterinarians and practice owners in Florida, earning roughly $2M annually, most through K-1 distributions. With no clear financial strategy and no retirement accounts in place, they were facing a massive tax bill, nearly $400k in 2023 alone, with a higher bill expected for 2024 if they didn’t do something different.
They’re preparing to sell their practice for ~$15M in 2025 and anticipate $2–3M in capital gains. “We’re great at making money,” R.K. said, “but we don’t have a strategy to keep it.”
They came to Terra Firma to fix that.
Terra Firma identified an estimated $629,000/year in potential tax savings, which blew the couple away. Planning opportunities included structuring for passive income, creating investment and trading entities, and leveraging one of Terra Firma’s key strategies that would give them a significant reduction in their taxable income. Seeing the first-year results made R.K. and his wife feel “ecstatic” and excited for the future, with both agreeing that their dreams of building a hospital in their home country, enjoying luxurious travel 4x/year and generating $1 million/year in passive income now feel much more realistic and attainable.
