by mariettacp | Mar 20, 2015 | Money Tips
Marriages end, and so do business ventures. If your business is owned by two or more persons, a buy-sell agreement is one of the most important legal documents your business can have. This document provides for the “buyout” of an owner’s interest...
by mariettacp | Mar 18, 2015 | Money Tips
You may be approaching an important deadline if you have retirement accounts and you turned 70½ last year. Generally, you must begin withdrawing money from tax-favored retirement plans in the year you turn 70½. However, you may postpone your first withdrawal until...
by mariettacp | Mar 13, 2015 | Money Tips
Divorce can be an emotionally draining process. If you are in the middle of one, you probably just want it to be over. But be careful. Divorce has serious tax implications, and the choices you make now may affect you for many years. Consider the following: Alimony and...
by mariettacp | Mar 12, 2015 | Money Tips
If you own a small business, you have until March 16, 2015, to choose S corporation status for this year. In order to become an S corporation, you’ll need the unanimous approval of all shareholders. The principal advantage of an S corporation is that you avoid...
by mariettacp | Mar 9, 2015 | Money Tips
Simply put, a company strategy is a long-term perspective that determines how a business will get from its current position, to where it ultimately desires to be. If I wanted to travel across the country from Indianapolis all the way to Los Angeles, I have all sorts...
by mariettacp | Mar 3, 2015 | Money Tips
What is the entrepreneur myth? Most small business owners believe that if they can only keep up or increase their sales numbers then they’ll be fine. What does this myth cause an issue? Because these owners only focus on sales, they usually spend the majority of...
