In his biography, Patrick Burke is described amongst other prestigious titles as a ‘serial entrepreneur’, and this kind of appropriately streetwise, chic-scrappy practicalness is reinforced by the specificity and decidedly un-flowery rhetoric in his new book. If its title is any indicator, The 10 Biggest Business Mistakes and How to Avoid Them is concise, to-the-point, […]
Why All Successful Entrepreneurs Have MBAs: Mentors, Believers, Advocates
There’s no such thing as a “self-made” business owner. The mere notion of the self-made man — someone who came from nothing, had a big idea, exploited it entirely on his own, and now has it all — is mostly an American myth. Sure, successful entrepreneurs and business owners are smart, opportunistic, perceptive, and adept […]
Hamilton County Sales Tax Rate Increases October 2nd
Attention: Effective October 1, 2020 Hamilton County sales tax will increase from 7.0% to 7.8%. This Spring Issue 7, a major transportation levy to boost bus service and infrastructure spending, was narrowly passed that increased the sales tax in Hamilton County from 7.0% to 7.8%. In conjunction with this increase in sales tax is a […]
Fully invest in your business this year with new tax strategies
The 2015 Tax Extenders Bill has given business owners new predictability in the tax code and has given you the opportunity to hone your tax strategies.
Is your business budget process like Groundhog Day or 2001: A Space Odyssey?
When planning next year’s budget, look to the future and never dwell on the past. Good strategy requires good numbers—it’s just that simple. It’s impossible to look at the big picture without making reasonable assumptions about where, how, and when cash will be coming in, and where, how, and when cash will be required. That’s […]
Which Comes First? Estate Planning or Exit Planning?
Exit Planning and Estate Planning have the same general goals. Once owners see that the two processes share the same goals, they can leverage the time and money they spend developing their Exit Plans into the design of their estate plans.
Business Continuity Planning for Co-Owners
Remember: One day, you will leave your business.
Maintain Control, Save on Taxes, and Set Fair Value Using a Buy-Sell Agreement
Don’t wait until you’re ready to transfer your business to create an air-tight buy-sell agreement.
Preparing for the Worst: Business-Continuity Planning for Sole Owners
Business-continuity planning is vitally important to owners’ companies and families. Without a well-considered business survival plan, the consequences for owners’ employees, customers, and, most importantly, family and estate can be dire.
The Essential Business Agreement: A Business-Continuity Agreement Among Owners
If you co-own your business, the business-continuity agreement (or buy-sell agreement) is one of the most important documents that you will sign.