Ingredients to Jumpstart the Planning Process

Taking on any large project can be manageable when you have a reliable process in place. When deciding to exit your business, for example, you will need a proven process in place to ensure you have covered all the bases.  Just like baking, without following the specific process or recipe, you could end up setting

The Process of Selling Your Business Has Already Begun

When you started your business, it was probably obvious that you needed a plan. It may be less obvious, though, that when you leave your business, no matter how you do it, you’ll also need a plan. The reality is that every action you take during the life of your business has an impact on

Not All Strategies Are Created Equal

Succession planning, Exit Planning, and business planning may seem interchangeable in most people’s eyes. However, each type of planning plays a very different role in the process of designing, and then implementing, a strategy for leaving your business and planning for the future. You can’t use one strategy without the others when it comes to

Find Your Best Path to the Future

You can’t get anywhere if you don’t know where you’re going. It’s also obvious that once you know where you’re going, you need to lay out a path that will take you there. But things that are obvious are not always easy. It can be helpful to adopt a process that is customized to your

Planning When You’re Too Busy to Plan

As an owner of a successful business, it’s likely that you got where you are today through efficient planning. You may have planned out your business model, your competitive advantage, or your target customers and how you’d get them to use your products or services. However, you didn’t get where you are today overnight. It most

Funding a Sale to “Insiders”

When imagining the future of their businesses, and possibly a future that involves different ownership at some point, owners may wonder if it’s really possible to consider “insiders” (employees, children, or co-owner) as viable successor owners. Insiders are often a great match for company culture, leadership style, and vision. But they may lack one very

Positive Planning Strategies in a Post-COVID-19 World

As we face challenges on the health, economic and market fronts, we would be remiss not to explore the positive ways your client’s wealth plan can benefit from low interest rates and depressed asset values. Here are several planning strategies that are particularly attractive in this kind of climate. Gift Depreciated Assets Now may be

PPP Forgiveness for the Self-Employed (Independent Contractors and Sole Props)

The Paycheck Protection Program loan can be completely forgiven if you spend it on the right things, and if you prove those expenses. However, PPP forgiveness works differently for sole proprietors and independent contractors, the biggest difference being the concept of “owner compensation replacement” which greatly simplifies the loan forgiveness …

Our Response to COVID-19

To our Valued Clients,  As the battle with COVID-19 continues, life feels very different due to major changes in our daily lives. As we continue to adapt, the stock markets have had to adapt to new economic realities as well. However, this period of uncertainty is a good opportunity to revisit investment plans and objectives.

Paycheck Protection Program Update

To Paycheck Protection Program (” PPP “) Applicants and Borrowers: We know this is a difficult time and we understand it can be frustrating. We are doing our best to keep you informed as the U.S. Small Business Administration (” SBA “) process continues to evolve. As either an applicant or a borrower we would