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Bouncing Back After Business Failure: What to Do Next
Starting a business is tough; sometimes, despite your best efforts, things don’t go as planned. When your business fails, it can feel like the end of the road. But here’s the good news, failure isn’t the end! It’s an opportunity to learn, grow, and come back stronger. Many successful entrepreneurs have failed before finding their…
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3 Questions to Ask Yourself Before Creating Your Estate Plan With AI
Have you jumped on the AI bandwagon yet? If so, you’ve probably used it to make aspects of your life easier. AI can be incredibly helpful, especially when the stakes are low. Need a personalized meal plan or an exercise routine? AI can handle that. But when it comes to estate planning, some people use…
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What You Need to Know about Equipment Leases
Equipment leasing is an alternative to purchasing new equipment. Amid volatile interest rates and inflated equipment costs, more businesses are turning to leases as they look for ways to preserve cash while acquiring the equipment they need to operate. Equipment leases typically enable businesses to avoid the need to make a large down payment, which…
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How Beneficiary Designations Put Your Family at Risk
You’ve worked hard to build your assets and secure your family’s future. Like many responsible adults, you’ve named beneficiaries on your retirement accounts, life insurance policies, and maybe even your banking and investment accounts. It feels good to know you’ve put something in place for your loved ones. But here’s the truth many financial advisors,…
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Should You Convert Your Sole Proprietorship to an LLC?
When you are first starting a business, operating it as a sole proprietorship may make a lot of sense. Sole proprietorships are simple and inexpensive to set up and maintain: they are operated by a single taxpayer and are the most common form of business organization. From a tax and legal perspective, businesses that are…
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How to prepare for a disciplinary hearing as a licensed nurse
For a nurse to work in a professional setting, they have to meet certain standards. Not only do they need to have the right education and pass standardized tests, but they must also maintain a Pennsylvania state nursing license. The Pennsylvania State Board of Nursing issues licenses to those with the proper educational backgrounds who…
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Would You Make This Million Dollar Mistake?
Imagine this: You’re in your twenties, just starting your career. You fill out a form at work, naming your live-in significant other as the beneficiary of your retirement account. You start contributing to your retirement account, and it begins to grow. Fast forward 28 years- you’ve long since ended that relationship, lived a full life,…
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The Supreme Court Case All Business Owners Should Know About
You might think Supreme Court Cases don’t affect your daily life as a business owner but think again. The recent decision in a cased called Connelly v. United States handed down June 6, 2024, has far-reaching implications that could hit you right in the wallet. This case fundamentally changes how the IRS values businesses, potentially…
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Would $23,000 Make a Difference to You?
Imagine discovering thousands of dollars that belong to you, only to be told you can’t have it. This frustrating scenario became reality for a woman named Dale Benerofe, a Georgia resident, when she found $23,000 in unclaimed property from her deceased parents. Her tragic story sheds light on a little-known issue that affects millions of…
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What You Need to Know about DBAs
Initial impressions matter in business. The first thing a customer often encounters when interacting with your company is its name. What you publicly call your business can differ from the name used in the organizational documents filed with the state or on file with the county or city. Registering a doing business as (DBA) name…
