EPISODE · Jun 6, 2026 · 11 MIN
How Holding Companies Use Net Operating Losses as Strategic Assets
from The Holding Company with Fexingo: Multi-Business Owners, Portfolio Companies, and Diversified Operators · host Fexingo
Episode 34 dives into how holding companies like Berkshire Hathaway and Liberty Mutual use net operating losses (NOLs) to offset future taxable income, creating a hidden asset on the balance sheet. Lucas and Luna explain the mechanics of NOL carryforwards, how they can be monetized via acquisitions or tax planning, and the risks of ownership changes under Section 382. They discuss real examples where NOLs influenced M&A decisions and how portfolio companies can benefit from a parent's NOL shield. A must-listen for anyone interested in corporate tax strategy and capital allocation. #HoldingCompanies #NetOperatingLosses #TaxStrategy #NOLCarryforward #BerkshireHathaway #LibertyMutual #Section382 #CorporateTax #MergersAndAcquisitions #CapitalAllocation #BusinessStrategy #FexingoBusiness #BusinessPodcast #TaxPlanning #FinancialStrategy #PortfolioCompanies #SubsidiaryManagement #DeferredTaxAsset Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Episode 34 dives into how holding companies like Berkshire Hathaway and Liberty Mutual use net operating losses (NOLs) to offset future taxable income, creating a hidden asset on the balance sheet. Lucas and Luna explain the mechanics of NOL carryforwards, how they can be monetized via acquisitions or tax planning, and the risks of ownership changes under Section 382. They discuss real examples where NOLs influenced M&A decisions and how portfolio companies can benefit from a parent's NOL shield. A must-listen for anyone interested in corporate tax strategy and capital allocation. #HoldingCompanies #NetOperatingLosses #TaxStrategy #NOLCarryforward #BerkshireHathaway #LibertyMutual #Section382 #CorporateTax #MergersAndAcquisitions #CapitalAllocation #BusinessStrategy #FexingoBusiness #BusinessPodcast #TaxPlanning #FinancialStrategy #PortfolioCompanies #SubsidiaryManagement #DeferredTaxAsset Keep every episode free: buymeacoffee.com/fexingo
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How Holding Companies Use Net Operating Losses as Strategic Assets
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