What is it like in Western Cuba and Havana? Southwest of Miami on the Gulf of Mexico sits the beautiful city of Havana, the capital city of Cuba. It’s the largest city in Cuba, and the second-largest city in the Caribbean. It has been mentioned in popular songs such as “Havana Daydreaming” by Jimmy Buffet […]
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The Benefits of a Standalone Retirement Trust (SRT) One of the most important things that you can do financially is set up an estate plan to control the way your assets will be distributed to whomever you choose. Estate planning consists of the design, creation, maintenance, and administration of documents that will provide instructions, in
What are Standalone Retirement Trusts (SRTs) and what are the Benefits? Read More »
Hiring your child to work in the family business can be a win-win situation for both you and your child. A child employee offers you tax advantages not available with other employees. There are also potential tax savings for the child employee, who can set aside that money for college or retirement. If you are
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Shawn Britt, CLU, CLTCDirector, Long-term Care Initiatives, Advanced Consulting GroupNationwide® Long term care (LTC) planning has been one of the hottest topics in the financial services industry, andwill continue to be so as the population of the United States continues to age. It is estimated that peoplereaching age 65 will have a 70% chance of
Using Long-Term Care Riders in Estate Planning Read More »
Your family and your business are two of your top priorities. You would not do anything to compromise either of them. But working with family members in a family-owned business presents unique challenges that can cause lasting damage to both if not properly managed. Family-owned businesses are capable of the same success as any other
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Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a loop. You have survived plenty of bumps in the
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Trusts are usually associated with estate planning, but trusts can also apply to business operations. As a small business owner, you can hold the business in a trust instead of using a business entity such as a limited liability company (LLC) or corporation. Business trusts offer several potential benefits—and drawbacks—compared to a traditional business structure.
Business Trusts 101: What Entrepreneurs Should Know about Using a Business Trust Read More »
You spend a significant part of your life building your business, and it becomes a major part of your legacy. But when you die, everything you have built could fall apart if you have not taken the time to create a business succession plan. Without a plan in place, your business’s fate may be decided
What Happens to Your Business When You Die Read More »
The Americans with Disabilities Act (ADA) requires businesses to accommodate people with physical and cognitive impairments. While the ADA, which applies to “places of public accommodation,” was designed with physical spaces in mind, the proliferation of online services means that digital spaces must also comply with the ADA. Accordingly, websites and mobile apps must be
What You Need to Know about ADA Website Compliance Read More »
If you have ever considered starting an e-commerce business, now is a great time to move from ideation to action. Online retail sales exploded to an all-time high amid COVID-19 lockdowns, travel bans, and brick-and-mortar closures, and this was not just a temporary bump. E-commerce was already experiencing strong year-over-year growth prior to 2020. The
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