Jul 21, 2020 | Business Owners
For most, creating an estate strategy is important to make sure your loved ones are taken care of after you’re gone. But it may be just as important to have an estate strategy for your business. Whether you’re a sole proprietor who will be passing on your business to...
Jun 11, 2020 | Business Owners, Retirement
As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are three main types of retirement plans for small businesses: SIMPLE-IRAs,...
Mar 4, 2020 | Business Owners
Do you work for yourself? Then you may want to consider the solo 401(k), which marries a traditional employee retirement savings account to a small-business, profit-sharing plan. To have a solo 401(k), you must either be the lone worker at your business or its only...
Mar 12, 2018 | Business Owners, Financial Planning, Life Insurance
Why Life Insurance Has to Be Part of Your Wealth-Building Plan The following excerpt is from entrepreneur.com from Mark J. Kohler and Randall A. Luebke’s book The Business Owner’s Guide to Financial Freedom. Every day, life insurance companies pay death benefits to...
Feb 9, 2016 | Business Owners
Preparing to Sell Your Business Do you have a strategy to follow? Have you created a company that someone will want to buy? Your children won’t necessarily want to take over your business, so an exit strategy is essential to getting the outcome you want. You must...
Feb 9, 2016 | Business Owners
Key Person Insurance A way for businesses – especially niche businesses – to address a major risk. Who are the people most crucial to your business? Have you taken steps to insure them? At every company, there are certain people whose absence would cause day-to-day...
