In an increasingly rare example of bipartisan cooperation, President Donald Trump on Aug. 13 signed a defense bill into law that included a popular provision that allows the Small Business Administration to straightforwardly loan money to employee-owned businesses that wish to buy out retiring small business owners.
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Green Business = Smart Business
Going green is good for your employees, your customers, and your community. With these small changes, you can have a “big picture” impact. According to the U.S. Environmental Protection Agency (2012), if every home office purchased Energy Star qualified products this year, more than 900 million kWh of electricity would be saved. Now that’s good business!
Advance Directives for Your Future Care
Advance directives are legal instructions that express your wishes regarding financial and health care decisions in the event that you become unable to communicate them. They are essential estate planning tools for everyone, regardless of age. In the absence of such documents, court intervention (with the accompanying time and expense) may be necessary to carry out your financial and health care decisions.
Draft a Retirement Wish List for Your Financial Adviser
When we put together a comprehensive retirement plan for our clients, the starting place is always with your retirement wish list. A good adviser will want to learn all about you: what you want to accomplish in retirement, what kind of lifestyle you hope to have and what you worry about most.
Increasing Productivity with Lean Thinking
Boosting profits and competitiveness by making continuous improvements in production costs, product quality, customer service, and delivery are the goals of the lean model. Companies that apply lean production or management techniques strive to create a culture of waste reduction, ongoing improvement, and worker empowerment.
Business Succession Considerations for Small Business Owners
A business succession plan is a comprehensive look at the estate planning picture that can include everything from shareholder buy-sell agreements to management plans, and any other documentation that will help ensure the smooth operation of the business. While traditional estate plans are designed with tax minimization in mind, business succession planning, in addition to such considerations, is aimed at maintaining the future health of the business.
Pros and Cons of Probate
Two main responsibilities of the probate court are to determine the validity of a will and to ensure that it is faithfully executed. Since there are both advantages and disadvantages to the probate process, lets consider some of the points to determine how probate could affect your estate.
KitKat lost its trade mark case: what you need to know
New applicants for trademark protection should seriously consider creating a mark that is inherently distinctive, rather than a mark that needs to acquire protection through use, like KitKat.
Borrowing Responsibly and Managing Debt
Many businesses often require financing for short- and long-term needs. Borrowing responsibly and managing debt effectively can help your company minimize the cost of debt you need to take on.
Is Estate Planning Still Necessary?
While it may be impossible to predict whether, or to what extent, your estate will be subject to taxation at the time of your death, creating and maintaining an estate plan provides essential legal and financial protection for your heirs.