Your Fall “Legal Affairs” Checklist

With the fall season approaching, it’s an excellent time to review your affairs. Below is a checklist to ensure your planning meets your needs and is up-to-date: When was your power of attorney last updated? A power of attorney is a valuable legal document, no matter what the circumstance. Not only is it flexible and…

Retirement Planning for Business Owners

For many employees, saving for retirement is usually a matter of simply participating in their employer’s 401(k) plan and perhaps opening an IRA for some extra savings. But, when you’re the owner of a business, planning for retirement requires proactivity and strategy.  It’s not just the dizzying array of choices for retirement accounts, there’s also…

Entrepreneurial Estate Planning: 3 Documents to Protect Your Business

Protect your assets and safeguard your family’s future with three documents that detail what will happen when you’re unable to make decisions later. Insurance, savings and fingers crossed: These are the three elements entrepreneurs use to protect their business. Why doesn’t it feel like enough? Because it isn’t. When you build and nurture something over the years,…

Get started now on business succession planning

Three key takeaways ✔ Determine your exit strategy and your desired legacy. ✔ Build a plan for transitioning your business with taxes in mind. ✔ Sell your business to family, employees or co-owners, or a third party. When should you start planning your exit strategy from your business?  Try yesterday! From the first day you…

10 Common Ways Even Brilliant Entrepreneurs Screw Up

If you’re relying on your top line to grow your wealth, you could be missing out on easy opportunities to save money and improve profits, independent of your revenue. Many entrepreneurs waste precious time and money by falling prey to these common mistakes. However, there is no need to sacrifice, work harder, or take on…

How To Be Successful At Business Succession

Entrepreneurship is not for everyone. Only a certain type of person has the particular set of skills, and is willing to take calculated risks and work tirelessly to build a successful business from scratch. One risk you should never take is leaving the future of your business to chance. As you grow your company, consider…

Tips for Working with a Law Firm

When you hire an attorney for estate planning, help with a loved one’s estate, or any other legal matter you want to make sure that the work gets done as quickly as possible and at the best possible value.  Here are some tips to have the most useful and value-oriented law firm experience. Get to…

How to Leave the Words of Wisdom to the Next Generation

You come into the world a blank slate, and as you grow, you gain wisdom. You’ve planned your estate to leave physical assets to your children and grandchildren, so now think about leaving them something that’s just as important but less tangible: the hard-won wisdom you’ve accumulated over your life. Let your family and friends…