Are you a high-net worth individual? The answer can depend on whom you ask. Respondents to a recent survey thought $400,000 of liquid assets (the median average) qualified a person as having high-net-worth. The commonly accepted high-net worth threshold according Forbes and others in […]
When we first meet business owners in our financial planning practice, we typically learn that their businesses are their largest (or a significant) asset, and that their personal and business financial lives are intertwined. They’ve devoted their lives and savings to growing their companies, know that they won’t run them forever […]
Making the decision to step away from your small business can be hard not just for you, but for the employees who are used to working under your leadership. They may fear that the company they love […]
Starting the conversation about your estate planning process can be one of the most uncomfortable and emotionally fraught moments in your marriage. A couple who has always managed money together well may suddenly find they have different priorities and expectations when it comes to […]
As a small business owner, you need to make sure your business expenses are kept entirely separate from your personal bank accounts. Unfortunately, having intertwined finances can make it challenging to get a clear view of […]
