FPA Owner Transitions

Running a family business comes with unique joys and challenges. The bond between family members can create a strong foundation for success, but it can also complicate business decisions, especially when it's time to think about business exit planning. Understanding the intricacies of family dynamics is essential when planning a smooth business transition. Family businesses… Continue reading Navigating Family Dynamics: Smooth Business Transitions in a Family-Owned Company

In today’s digital age, protecting your financial information and business assets from cyber threats is more critical than ever. Cyber security isn’t just a tech issue; it’s a fundamental part of your overall business plan. Ensuring that your business is safe from hackers and data breaches can significantly impact your financial health and stability. Many… Continue reading Fortifying Your Finances: The Essential Role of Cyber Security in Your Business Plan

Are you thinking of selling your business? Tax planning in advance is an important part of the process. When you sell your business you will very likely trigger a taxable event that results in capital gains taxes. Long-term capital gain tax rates are 15-20% of the total gain. Planning now can give you a chance… Continue reading Understanding the Impact of Taxes on the Sale of a Business

"This Nation was born when a band of men, the Founding Fathers, a group so unique we've never seen their like since, rose to such selfless heights. Lawyers, tradesmen, merchants, farmers – fifty-six men achieved security and standing in life but valued freedom more. They pledged their lives, their fortunes, and their sacred honor. Sixteen… Continue reading The excerpt below comes directly from Ronald Reagan’s Commencement Address at the University of Notre Dame back on May 17, 1981.

Joe’s “business” expenses are not only common, but he doesn’t take all that much in comparison to some other owners. Many advisors can tell stories of company-paid second homes, family trips and other expenses far less business-related than Joe’s. Under what we laid out here, we can add about $58,000 a year in post-tax spending… Continue reading “Sellers Discretionary Expenses”