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Gone Fishin': 6 Fishing Lessons for Investors
Submitted by Business Owner Succession Strategies | Edina, Minnesota on May 15th, 20225 Ways a Financial Professional Could Be a Small-Business Owner's Best Friend
Submitted by Business Owner Succession Strategies | Edina, Minnesota on May 8th, 2022
As a business owner, you may assume you do not need professional financial advice until you hit certain milestones such as $1 million in sales, having ten employees, or some other tangible measure. However, financial professionals may benefit small-business owners no matter what the stage of their business.
Why Insure Your Business
Submitted by Business Owner Succession Strategies | Edina, Minnesota on May 1st, 2022
Your business represents a substantial investment of your ideas, time, and money (in addition to your sweat and elbow grease). Because your business faces a variety of risks and perils (e.g., property damage, theft, personal injury claims, and natural disasters), you'll want to protect your investment.
Should You Retire at the Same Time As Your Spouse?
Submitted by Business Owner Succession Strategies | Edina, Minnesota on April 10th, 2022
If you and your spouse are making plans to retire, you’re probably wondering whether it’s a good idea to retire at the same time. Many couples go through the same thought process and, in fact, one in four couples quit their jobs within a year of each other.
Six Uses for Life Insurance You May Not Know About
Submitted by Business Owner Succession Strategies | Edina, Minnesota on April 7th, 2022
When people think of life insurance, what usually comes to mind is settling the deceased's final expenses and providing financial support for their beneficiaries. Although these are the most common uses of life insurance, cash value, or whole life insurance, they offer financial resources to other situations. Here are six cases where using life insurance may be appropriate:
3 Estate Planning Tips for Small-Business Owners
Submitted by Business Owner Succession Strategies | Edina, Minnesota on April 6th, 2022
For business owners, estate planning may seem like another task to do on a long to-do list. Having a solid estate and succession plan in place may be crucial to your business's long-term success. If you are incapable of making business decisions, or if you unexpectedly pass away without an estate plan, your heirs may scramble to keep your business afloat.
Sustainability For Small Businesses
Submitted by Business Owner Succession Strategies | Edina, Minnesota on April 6th, 2022How Much Tax Should You Have Withheld?
Submitted by Business Owner Succession Strategies | Edina, Minnesota on April 6th, 2022
Each time you start a new job, your employer will give you a Form W-4 to complete that determines the amount of Federal income tax that is withheld from each paycheck. While many people prefer to have too much tax taken out so they can look forward to a refund in the spring, overpaying your taxes means you are allowing the IRS to hold onto your money.