Tag: financial-planning
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Do We Need a Buy-Sell Agreement? What a Buy-Sell Agreement is and Why it is Important.
When starting a new business, there are a million things to do. Besides the pressing issues like registration, billing, or getting the first few customers, there are also a handful of important but non-urgent items you need to check off. One of which is whether you need to establish a buy-sell agreement with your business…
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Why are Kids so Expensive? How Business Owners can Save Thousands by Hiring Their Kids.
With everyone jumping back into the school season, there is plenty of money in motion this month. Tuition, supplies, clothes, sports, and the dozens of other expenses to support our children can add up quickly. If private school or college is involved, some families easily add another $10-20k per child in expenses. From a financial…
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What Can I Write Off? Why Business Owners Love Write-Offs and How You can Take Advantage of Them.
One of the most common pain points for business owners is taxes. Naturally, the idea of write-offs becomes a business owner’s best friend. The more you can write off, the less you have to pay in taxes. Unfortunately, many business owners leave thousands of dollars on the table by trying to do it themselves. When…
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What Retirement Plan Do I Need? How to Determine Which Retirement Plan Works for Your Business.
Setting up a retirement plan is an important process to conquer. There are different types of retirement plans to set up and it can be overwhelming to some, so today’s article will simplify 3 types of retirement plans to choose between and get moving. The right plan for your business depends on how much you…
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What Insurance Do I Need for My Business? How to Manage Personal and Business Risks.
Depending on who you ask, insurance generally is either the best or worst financial product you’d ever buy. As a result, there is some confusion around what insurance policies are good to get and what is excessive or irrelevant. My goal is to be agnostic to specific insurance policies, but decisive on managing risk. Here…
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Do I Need a Will? Why You May Need a Better Estate Plan.
One of the reasons why money creates stress in people is because they don’t know what will happen in the future. People don’t fully understand how different life changes would impact their finances and whether or not they should worry about it. The concept of an inheritance is older than the Bible, yet the planning…
TC Falkner 