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Advanced Planning Saved This Business and It can Save Yours, Too
Imagine you’re playing a friendly game of disc golf with your spouse. Suddenly you lose control of your left hand, and for a terrifying five minutes, you can’t speak. Your face droops and your body feels numb. You might think you’re too young to be having a stroke—but that’s exactly what happened to Jenny Bristow,…
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10 Steps to Take Now to Secure a Comfortable Retirement: Part 1
Retirement is more than just an end to the working years; it’s an exciting new phase of life that requires thoughtful preparation and strategic planning. Now is the perfect opportunity to explore 10 steps you can take to ensure a comfortable and fulfilling retirement. In this article, we’ll discuss the first 5 steps, why they’re…
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Should You Form More Than One LLC for Your Business?
There is no law that limits the number of LLCs an entrepreneur can own. Forming multiple LLCs may make sense under certain circumstances: for example, companies that have several rental properties, separate businesses with common ownership, or when one business makes more money or has more assets than the others. Separate business entities may also…
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Matthew Perry’s Estate Plan Demonstrates the Benefits of Trusts
When Matthew Perry, the beloved star of Friends, passed away last year, the world mourned the loss of a comedic icon. However, as details of his estate began to emerge, a curious puzzle presented itself: despite his reported net worth of $120 million, his bank account held (only) $1.5 million. Admittedly, this seems like a…
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The Secret to Effective Networking: It’s Not About You
As a business owner, networking may feel like a necessary evil. You have to get your name out there by meeting other people, but does it have to be so uncomfortable? Making small talk and figuring out how to promote yourself and your business without sounding cringy is no easy task for most of us.…
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What Do Lasagna and Estate Planning Have in Common?
Have you ever heard horror stories about families fighting over Grandma’s jewelry or getting stuck in a never-ending legal battle after someone passes away? Or about how long it can take to sell a house tied up in the court process? What about family members being denied their inheritance completely? Unfortunately, these situations happen every…
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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,…
