One of the important decisions a business owner must face is when and how to step out of the business — in other words, business succession planning. Do you expect to retire from your business? Do you have a plan in place? What would happen to your business if you were to die today? Do you have chil [...]
The basic concept of valuation is to determine a justifiable dollar value or price for a total or partial interest in your closely held business. It is the process of answering the question, “How much is your closely held business worth?” Business valuation plays a critical role in determining gift [...]
You may want to keep your business in the family, as opposed to selling it to an outside party or another business. If this is your plan, you should be aware of some of the issues that can contribute to the success or the failure of the business as it is transferred to the successor generation. Some [...]
An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need t [...]
An equal distribution of wealth is usually considered a fair distribution. When each of your children receives an equal share of your wealth, it is difficult to argue that any child has been treated unfairly. An equal distribution eliminates hurt feelings, jealousy, bitterness, and family discord. W [...]
Selling a business can be harder than it looks, and many business owners depend on that money for their retirement. This episode with Author and Entrepreneur Lewis Schiff discusses how he works with businesses and helps grow them, making people more eager to buy. Real Wealth® is an online r [...]
Dear Valued Client, In this rapidly changing situation, I want to assure you Woodmen Financial Resources is maintaining regular business operations to ensure we continue to serve you. First, I wish you, your family, and your community well during this unprecedented time. The health and safety of our [...]
The basic concept of valuation is to determine a justifiable dollar value or price for a total or partial interest in your closely held business. It is the process of answering the question, "How much is your closely held business worth?" Business valuation plays a critical role in determining gift [...]
The basic concept of valuation is to determine a justifiable dollar value or price for a total or partial interest in your closely held business. It is the process of answering the question, "How much is your closely held business worth?" Business valuation plays a critical role in determining gift [...]
If your net income is predominantly tied to your business, then this episode is a must listen for you! Mergers and Acquisitions Professional Scott Bushkie explains 6 things to watch out for when selling your business. Real Wealth® is an online radio program with a purpose to educate America [...]
