Articles & Videos
Employee Ownership Update
Employee Ownership The following article appeared in the New York Times on May 21, 2006 and is one of the best articles about employee ownership that I have seen. It illustrates a few great examples of how employee ownership has helped companies achieve extraordinary success. These Workers Act Like Owners (Because They Are) By William…
Family Limited
This FLP Alert is directed at clients and their advisors who have already established Family Limited Partnership irs (“FLP’s”) and those clients who are considering a partnership as part of their estate plan. With all the attacks the IRS has made on FLP’s over the past few years, culminating at the Strangi III decision in…
The True Value of Your Company May Be Different From What You Think
The True Value of Your Company May Be Different From What You Think Approaches to Value Intangible Assets Posted: 3/31/11 I’ve received a lot of inquires asking how to value a company that has yet to generate any revenue, has not reached profitability, and yet, it has a substantial history of expenses. Most are start-up…
Does Your Business Need a Buy-Sell Agreement?
Does Your Business Need a Buy-Sell Agreement? What Is Buy-Sell Agreement? Buy-Sell Agreement, also known as a buyout agreement, give the company or other stockholders the option or obligation to purchase the interests of other owners under some specified circumstances called trigger events such as death, departure, or retirement, etc. There are two basic types…
Does Your Company Need a Fairness Opinion?
Does Your Company Need a Fairness Opinion? Although not required by statute or regulation, fairness opinions have become an important component of the board of directors and executives deliberation process as they seek to satisfy their fiduciary duties to shareholders and act with due care in an informed manner. Fairness opinions are prepared for and…
3 Reasons Why Owning a Commercial Property May Make You More Money in Real Estate Investment
Making a Commercial Property Investment If you ever have been a landlord for residential property, I am sure that you get complaints from tenants about leaking roofs in the middle of the night. But what keeps most people back from investing in commercial real estate is the fear of the unknown since not many of…
Sec 1045: Small Business Stock Rollover of Gain
The Beauty of Section 1045 Enacted as part of the Taxpayer Relief Act of 1997 (effective for sales after August 5, 1997), a taxpayer other than a corporation may elect to roll over capital gains from the sale of qualified small business stock held for more than six months if another small business stock is…
Common Investment Mistakes
Courtesy of Paul Ray Andrus, LUTCF, ChFC There is a lesson to be learned from the recent $2 billion-plus loss by a sophisticated trading unit of JPMorgan Chase. Even “expert” traders make mistakes. You shouldn’t expect every investment decision you make to be perfect. And when you are wrong, it’s best to recognize it and…
These Investing Mistakes Prevent You From Building Your Wealth
These Investing Mistakes Prevent You From Building Your Wealth Why do you invest? Are you looking for a get-rich-quick investment scheme? Or, are you looking to build real, sustainable wealth that will last over the long haul? Most investors want to build wealth over many years. Sure, no one is going to turn down a…
Important Year-End Tax Tips That the Wealthy Should Know Now
Important Year-End Tax Tips That the Wealthy Should Know Now High-net-worth individuals have a lot to think about in their often fast-paced financial dealings, not the least of which is how to save on their taxes and keep as much of their wealth from the taxman as possible. Many high-net-worth individuals make a lot of…
Do You Have a Handle on Your Retirement Taxes?
Do You Have a Handle on Your Retirement Taxes? As you look in the rearview mirror of your career does it seem that the objects are actually getting further away? That means you are probably getting closer to retirement. Retirement can be a great thing for a lot of people, but it can also cause…
Can You Convert Taxable Savings Into Your Roth IRA?
Can You Convert Taxable Savings Into Your Roth IRA? Are you ready for retirement? It’s a common question and it applies to just about everyone at some point. However, being ready for retirement takes a great deal of planning and preparation, and not everyone is as ready as they think. One of the most important…
Don’t Miss Out on These Tax Credits
Don’t Miss Out on These Tax Credits Most people know about tax deductions. Especially taxpayers who like to itemize. However, many taxpayers are not as aware of the numerous tax credits available to them every year. And missing out on these credits can cost you a lot of money. In fact, for many families, tax…
Five Tax Credits to Take
Five Tax Credits to Take There is a common phrase that states, “Nothing in life is free.” This may be true, but there are tax credits you can take to help save money when filing your tax return. Credit #1-First Time Home Buyer Credit The first time home buyer credit has been extended to cover…
Best Ways to Avoid Social Security Taxes
Best Ways to Avoid Social Security Taxes For anyone getting closer to retirement the thought of collecting Social Security benefits has likely come to mind. You’ve worked a lifetime and now it’s time to kick off your shoes and reap the rewards of all that hard work. But did you know those benefits are not…
How Do Leaders Continue to Improve Their Leadership Skills?
How Do Leaders Continue to Improve Their Leadership Skills? What makes a great leader? This is a topic that I have discussed with many of the country’s top business leaders over the years. Everyone answers this question in his or her own unique way, they typically end up describing the same types of traits and…
What Do You Value in a Company?
What Do You Value in a Company? Startup companies are a dime-a-dozen, and many of them are looking for investment help from larger companies or in most cases investment bankers, also known as venture capitalists. Venture capitalists have a lot of money at their disposal but they don’t become successful by simply tossing money at…
Where Do You Find Good Ideas To Start A Business?
Where Do You Find Good Ideas To Start A Business? Just about everybody has a great idea from time to time. Some people run with those ideas and set out a course to make those ideas become a reality. Other ideas never get off the ground because they never move beyond the idea stage. Often…
Six Secrets of Effective Networking
Six Secrets of Effective Networking What’s in a network? Not your social network, but rather your business network. Networking is a well-known principle that continues to grow in the age of the Internet. Not only do people spend countless hours using their social networks, but also more and more business professionals and companies use digital…
What Skills do Entrepreneurs Needs?
What Skills do Entrepreneurs Needs? All over the world, people from all walks of life have an entrepreneurial spirit. They have a desire to create something unique and then share it with the world. It can be something to fix a problem that exists, an improvement on a current technology or a completely new idea…