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How to protect intellectual property as a small business owner
Intellectual property can be a major component of what makes a company successful. Small businesses often exist in part because the entrepreneur who starts the company has a unique idea. Perhaps they have a barbecue sauce recipe that they slowly honed over multiple years. Maybe they have found a particularly efficient way of deep cleaning…
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3 Tips for Every New Homeowner
Congratulations on the purchase of your new home! Whether this is your first home or you are upgrading or downsizing from your current home, the purchase of a home is a big event in your life. When major life events occur, it is important that you have a plan in place to ensure that you…
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How to Make Your Inheritance Last
Most people believe that receiving a large inheritance from a loved one would be life changing. At least one study, however, found that about one-third of Americans who have received an inheritance eventually experienced a decrease or no change in their wealth after receiving the inheritance, meaning that they most likely spent everything they received[1].…
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Is a Four-Day Workweek the Future of Business?
The concept of a four-day workweek has gained significant traction in recent years, with many companies experimenting with this innovative approach to work-life balance. While the idea of having an extra day off each week may seem like a dream come true, the reality is more complex. Let’s delve into the pros and cons of…
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Preventing Family Feuds Over Your Personal Belongings
The passing of a loved one is a heartbreaking event, filled with grief and sorrow. But the aftermath can become even more painful if disagreements over their personal belongings tear your family apart. These disputes, especially when centered around meaningful objects, can leave lasting wounds that may never fully heal. But it doesn’t have to…
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Protect Your Profits: Don’t Gamble on Business Insurance
Being a business owner can be incredibly rewarding. It feels great to see an idea become a reality, increase your revenue, and create a job for someone who needs one. But, as all business owners know, with reward comes risk. There’s not much you can do to eliminate risk from your business entirely, but with…
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10 Steps to Take Now to Secure a Comfortable Retirement: Part 2
Welcome back to our discussion on securing a comfortable retirement! In the first part of this series, we explored essential steps including estate planning, preparing for long-term care, and passing on your legacy. As we continue with the second part of our series, we’ll delve into additional areas that are crucial for ensuring your golden…
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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…