Managing concentration, tax, market, and longevity risk is the key to financial security. Each stage of your business brings distinct financial risks. Examine your financial life—particularly your investments—from a new perspective to ensure the next stage is as rewarding as the last. Before passing control of your business to the next generation, be sure to
When holding business interests in a trust, it’s important to understand the different structural models for fiduciary decision making. When a business interest is the primary asset in a trust, it can create challenges for both the Trustee and business owner. The Trustee’s general fiduciary duty to diversify the trust’s investments may not align with
Find out if you are a well-planned business owner by reviewing this checklist for each critical phase of your business. Business capital phase, where the business is building and growing. Personal capital phase, when it’s time to plan for capital assets outside the business capital phase. Legacy capital phase, where managing and transferring wealth are
