Okay, let’s be real. Most business owners don’t create budgets.
This is understandable. It is also insane.
They may have ideas about the future. They may have numbers scrawled on napkins or whiteboards and a general intuitive sense about where they are headed financially, but they haven’t understood the essential reasons, relevance, and the utter simplicity of spending some time with their numbers in a budget process.
In the previous 2 articles, we touched base on the overview of the importance of buy-and-sell agreements as well as the structuring of the life policies that form part of the agreement. This week we will answer some of the most commonly asked questions pertaining to buy-and-sell agreements. Can a co-owner’s personal bankruptcy affect the
Buy-sell agreements – Part 3 Read More »
In this first of a four part series, we highlight the importance of protecting your assets as a small business owner and also minimizing the risks you face in running it. We’ll be looking at important factors to consider when implementing a risk management strategy and the two critical components that determine the success of this process; A Last Will and Testament and a Trust.
To Trust Or Not To Trust – Part 1 Read More »
