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Business

The Cross-Purchase Buy-Sell Agreement

A plan for sustaining the business you have built after your death. Business owners are builders. They spend their lives building firms to provide goods and services to their clients, and those firms provide them with a living. But…

Business Retirement

Could You Create Your Own Pension Plan?

SBOs are taking a new look at old-school defined benefit plans. Contrary to popular belief, classic pension plans have not disappeared. Corporations have mostly jettisoned them, but highly profitable small businesses are giving them a second look. Why are…

Business

Does Your Healthcare Office Have a 401(k) Plan?

This employee benefit & hiring incentive may help your office compete. Great employees are hard to find. This truth applies for all businesses, including healthcare offices. The challenge just begins at the point of hiring. Finding top-notch workers is…

Business Retirement

Should the Self-Employed Plan to Work Past 65?

Some solopreneurs think they will “work forever,” but that perception may be flawed. About 20% of Americans aged 65-74 are still working. A 2016 Pew Research Center study put the precise figure at 18.8%, and Pew estimates that it…

Business

Golden Handcuffs for Key Employees

A way to “sweeten the pot” and retain executives and managers. To retain key employees, make their jobs too good to leave. Arrange “golden handcuffs” agreements with key managers to reward loyalty and promote retention. A golden handcuffs strategy…

Business

Is a SIMPLE IRA Right for Your Business?

A look at this easy-to-administer retirement program. Do you want a simple retirement plan? A plan you can implement easily as an independent contractor or small business owner, without a lot of paperwork? A SIMPLE IRA may be the…

Business

Funding a Business with a Life Insurance Loan

Capital is usually the single greatest barrier to any entrepreneur starting a business. Even service-based companies still require a significant amount of capital to cover major expenses such as rent and labor. A solution that’s available to help overcome…

Business

The Investment Needs of Non-Profits

Just like households, charities and other groups need wealth-building strategies. As non-profit organizations grow, they also need to grow and preserve wealth. In accepting donations to fund their operations and programs, they realize they cannot rely on fundraising alone.…