Category Archives: Business Planning
The Nuts and Bolts of Succession Planning
Establishing and developing a business takes years of effort before most owners see any rewards; but once a company is on solid footing, nurturing its continued growth becomes a little easier. However, all that hard work can be quickly undone if there is no business succession plan in place. A good business succession plan… Read More »
Protecting Your Company’s Proprietary Information
For many companies, proprietary information can be most valuable in its intellectual property portfolio. Unlike copyrights or trademarks, the value of proprietary information is derived in large part from its secrecy. Proprietary information at a high level is information not in the public domain, generally not available, and can be broken further down into… Read More »
The Importance of Succession Planning
An integral part of succession planning is ensuring talent is being recruited and developed with the ultimate goal of filling key roles in the company. A good succession plan will involve recruitment of promising employees as well as the development of their skills and natural abilities. These employees can later be transferred to different… Read More »
Leasing Property to Your Business Might Trigger Undesirable Tax Consequences
If you own property and a business, there is an obvious temptation to lease the property to the business. Such an arrangement can make sense from many perspectives. You are no doubt familiar with the property and its advantages to your company. The deal could be carried out quickly, and the money would stay… Read More »
National Estate Planning Awareness Week: Are You a Business Owner?
In 2008, Congress passed House Resolution 1499 which designated the third week in October as National Estate Planning Awareness Week. Now, before we go any further, let us assure you that even though you may instantly feel a yawn coming on when the topic of “Estate Planning” is brought up, this is not the… Read More »
