New research from Washington State University highlights that three things are at the top of the priority list for today’s small business owners: protecting against cybersecurity risks, planning for retirement/succession, and attracting new customers.
Over 1100 businesses were involved in the study to determine how companies were coping with the ongoing impact of COVID. There is a broad spectrum of how business owners were impacted by COVID. Some closed up shop entirely, others relied on short-term savings or PPL/EIDL loans to get through, and some grew with rapid scale.
If your company made it through the past two years or is growing quickly now, it’s the perfect time to think about the opportunity with succession planning. Planning for succession is vital for ensuring that you’re adaptable and flexible in the future based on potential risks and challenges.
September 9, 2022 |
New research from Washington State University highlights that three things are at the top of the priority list for today’s small business owners: protecting against ...
Learn MoreMay 18, 2022 |
Even if the future of your business doesn’t include you or other family members, it’s worth planning for. Working with someone who understands the issues ...
Learn MoreJanuary 17, 2022 |
Owning a family business gives an excellent opportunity to pass on wealth to future generations, but this is only possible when you have a clear ...
Learn MoreNovember 29, 2021 |
Many sad stories about celebrities highlight the importance of estate planning. Many of them leave behind complex assets and high value items. Without estate planning, ...
Learn MoreJuly 27, 2021 |
There’s a lot that goes into deciding it’s time for your next chapter when you own a business. You want to know what’s going to ...
Learn MoreJuly 15, 2020 |
Small business owners have plenty of things to think about in the wake of a worldwide pandemic that has shaken many things up. But that ...
Learn MoreSeptember 4, 2018 |
A person running a business cannot have an estate plan without a business succession plan and vice versa. These items must work together to protect ...
Learn MoreJuly 5, 2018 |
Even if you have an individual estate plan, it is not enough if you also own a company. Many different challenges can befall your family ...
Learn MoreMay 17, 2018 |
The concept of business succession planning and estate planning must be taken together for anyone who owns a company. There are many different ways that ...
Learn MoreApril 5, 2018 |
An unplanned exit, whether it is due to incapacitation, death or something else, could generate significant consequences for a business. It is extremely important to ...
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As wealth grows, financial decisions often become more interconnected. Learn five signs that your business, investments, taxes, and estate plan may benefit from greater coordination. ...
<p>The post When Success Creates Complexity: Five Signs Your Financial Life Has Outgrown a Piecemeal Approach first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Discover how an integrated team of tax, financial, and estate planning professionals can help business owners and families make more coordinated decisions, reduce complexity, and ...
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<p>The post Why the Best Tax Planning Happens Before December first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
