If you are running a business, it’s easy to prioritize estate planning less than your other business matters. After all, if you’re facing challenges meeting next month’s payroll or your goals for growth over the coming quarter, concerns over your potential incapacity or death can seem far less urgent. But the reality is considering what would happen to your business in the event of your incapacity or when you die is one of your most pressing responsibilities as a business owner. Although estate planning and business planning may seem like separate tasks, they’re inexorably linked. And given that your business… View Post

Trusts are often underused or misused tools for business owners, as they can provide a range of tax, asset protection, and succession planning benefits, when established and maintained in the right way. As a Creative Business Counselor with family business planning expertise focusing on serving business owners, I can help you choose the right Trust strategy for protecting your assets, managing your income taxes and ensuring your family doesn’t get stuck with a big estate tax bill or in an unnecessary court process, if you become incapacitated or die.  Protect Your Personal & Business Assets One key benefit of a… View Post

Keeping your finances in order is crucial for the success of your business. Even if you’re running a small operation, bookkeeping is a critical component that cannot be overlooked. While it may not be the most exciting task, it’s important to ensure accuracy to avoid costly mistakes that could hurt your business in the long run. As the person responsible for completing these tasks, it’s important to recognize that you may not have the same level of accounting expertise as larger businesses that can afford to hire specialized professionals. That’s why it’s crucial for you to educate yourself on the… View Post