As a business owner, there is little more frustrating than someone owing you money. If you are struggling to pay your staff on time, keep up with loan repayments and keep your company afloat, one late payment can be enough to sink you. Filing a lawsuit may seem the...
One of the benefits of owning your own business is that you can call your shots when running it. That doesn’t mean that you won’t face obstacles that you have to overcome along the way, however. Some business legal disputes tend to crop up more than others. Consider...
It is all too easy for people with significant and diverse assets to underestimate the value of their resources and the amount of planning necessary to preserve them for the next generation. Wealth preservation planning is complex, especially if you have an...
When most people decide to form a partnership, they don't stop to ask their prospective business partner about the stability of their marriage, but maybe they should. Divorce is a factor that can put your company's valuation on the line and change who owns it. These...
If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
Bestselling business author Stephen R. Covey wrote that “Trust is the glue of life… It’s the foundational principle that holds all relationships.” Unfortunately, as everyone learns sooner or later, you cannot trust everyone. Specific business relationships require...
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...
They say that the only things we can count on are death and taxes. For some people, the former leads to the latter -- if they don't plan ahead properly. Estate taxes, also known as "death taxes," are controversial, but they are not an issue for most estates. For the...
There is no doubt that estate planning can bring up some negative feelings. Some people don’t want to think about their eventual deaths or what will happen in their futures. It makes sense, but at the same time, having the right estate plan in place can help protect...
When you complete a contract with another person or with a company, you expect the other party will fulfill their obligation to you. Whether you hired someone to rebuild your back porch who took payment and never did the work or you need a contract to purchase...
