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.
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.
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.
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.
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.
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.
In recent years, “estate planning” has become one of the more popular financial catchphrases; and, rightfully so. Estate planning encompasses the management of assets while alive in order to help ensure the proper disposition of those assets at death. In some situations, it can also include strategies to minimize taxes and maximize asset transfer to heirs.
It can seem like there’s never enough time – not enough for sleep and not enough for play, not enough for cooking and not enough for exercise.