It takes confidence and courage to start a business. In fact, many believe that the best business owners are those who are comfortable with some level of risk. However, there are acceptable risks and unacceptable risks, and any business owner knows that avoiding unnecessary risk is the cornerstone of running…
TOM’S 8 TIPS FOR SUCCESSION PLANNING(1) © Realize that your Exit Strategy is not business as usual. Get knowledgeable guidance e.g. from financial/legal advisors (team approach). Start now. Be realistic about objectives: Is it first and goal to go or is it a goal line defense? Anticipate Buyer’s due diligence. Financial statements…
Continual planning is essential for finding opportunities that will reduce the financial burden. Several options exist to help corporations retain wealth and reduce taxes legally. At the end of the business year 2014, companies will be examining data to see if there are any tax savings available on defined contribution,…