Tag: businessplanning
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Why Key Person Insurance is Critical for Business Survival Imagine waking up to the devastating news that your most valuable employee—the one who drives revenue, leads operations, or holds crucial client relationships—can no longer work due to death, disability, or they’ve taken another job. Would your business survive? Key person insurance is designed to protect…
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If you’re selling an asset or your business with significant appreciation, you might be concerned about the capital gains taxes you’ll owe. One effective strategy to reduce your immediate tax burden while still securing a profitable deal is an installment sale. This method allows you to spread out your taxable income over time instead of…
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Financial planning is the cornerstone of long-term wealth building and security. Whether you’re just starting your financial journey or are a seasoned investor, having a comprehensive financial checklist ensures that all areas of your financial life are well-managed. From estate planning to taxes, each component plays a pivotal role in your overall financial health. This…
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A Buy-sell agreements are legally binding contracts that outline how the ownership of a business will be transferred in the event of certain triggering events, such as the death, disability, retirement, or departure of an owner. It is commonly used by businesses with multiple owners, such as partnerships, corporations, or LLCs, to ensure a smooth…