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Why Business Owners Don't Plan for Succession ... and Why it's Critical
Why Business Owners Don't Plan for Succession ... and Why it's Critical

Many business owners procrastinate putting a well-conceived succession plan in place. The reasons are understandable. It can be difficult to plan for your replacement and deal with your mortality. Here are five of the top reasons why business owners don't have an exit ...

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Recent Posts
  • Why Business Owners Don't Plan for Succession ... and Why it's Critical

    Many business owners procrastinate putting a well-conceived succession plan in place. The reasons are understandable. It can be difficult to plan for your replacement and deal with your mortality. ...

    Read More
  • Closing Your Corporation or Pass-Through Entity? Manage the Tax Implications

    Economic fallout from the COVID-19 pandemic has sadly forced some small businesses to permanently close. This situation has important federal tax implications. Here's what individual taxpayers who are ...

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  • The Tax Implications of Closing a Schedule C Business

    Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow. Closing a business has important federal income tax ...

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  • Let Logic, Not Emotion, Prevail Over Your Portfolio

    I magine this scene: You're at your favorite clothing store when you see a shirt. You pick it up, consider it, then put it back. It's not your color. As you move away, you notice another customer ...

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  • Save on Taxes While Doing Good

    If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them. By setting up a charitable remainder trust (CRT), you can ...

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  • What's Involved in Being an Estate Executor?

    What's Involved in Being an Estate Executor? If you're asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or ...

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