Time to Read: 8 Minutes The choice of a corporate structure for a business has many consequences: a crucial impact on the business’s taxes, your ability to raise funds, the paperwork you must file, and perhaps most important, your personal liability. Fortunately, you can change your mind and convert to another business structure later
Time to Read: 5 Minutes Building a business is all about the day-to-day decisions. But what happens to the business if the primary decision-maker isn’t there? Creating a continuity plan that outlines transition planning should be part of the foundational documents of a business at any stage. Valuing the business, codifying the steps that
Time to Read: 7 Minutes Most working people tend to do a decent job addressing their life insurance and health insurance needs. However they often forget to give the same care and attention to disability insurance. Studies show that you are much more likely to become disabled then die during your working years. Whether
No matter how you may strive for perfection, all business owners make mistakes. Acknowledging possible missteps can help prepare us if they arise. Here are ten of the most common mistakes made by new and seasoned business owners alike:
Time to Read: 9 Minutes Entrepreneurs take risk. They wager time, resources, and often their own money to make a business dream into reality. After the risky startup phase, however, many grow confident in the future of their company. And yet, hidden threats may still undo their hard work. Our goal is helping people
Time to Watch: 51 Minutes Chris Pegg discusses tax law updates and year-end planning considerations for 2021, specifically geared for business owners. Tune in to learn more about: Legislative update for tax reform - what didn't happen and what we still might see including Possible changes to net investment income tax for S-Corps Qualified Small Business Stock
Time to Read: 10 Minutes Business owners are often very focused on day-to-day planning for growth – and with good reason. But no matter what state you are at, whether you are just starting your business or you are starting to think about planning an exit, there are strategies and structures that can help
Time to Read: 6 Minutes Regardless of where they are in the business lifecycle, owners of a successful business should be considering their options for a future transition or sale. Being proactive in this process will ensure that all options are available to an owner when they decide the time is right. Should I
California Business Owners and Real Estate Investors A new state law was just passed that could reduce your overall tax bill more than 3%. This update provides insight regarding a big tax break for our clients who own Limited partnership interests Units in an LLC with multiple owners; or S-Corporation shares. You may know
Time to Read: 8 Minutes Last week, President Trump signed into law the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The legislation is the largest economic relief bill in US history and provides aid for Americans and businesses via direct payments, expanded unemployment insurance, loans and grants. At BWM Financial,