Do you have employees in their late 60s? If so, are they aware of the required minimum distribution (RMD) obligations beginning at age 70½ for their individual IRAs and possibly their 401(k) plans? It’s important that they know what to expect when … [Read more...]
Find time for strategic planning
As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises that never seem to end. It’s essential to your company’s survival, however, to find time for strategic planning. Lost … [Read more...]
How employers can assess their HR effectiveness
If someone were to burst into your office one day and demand to know how effective your organization handled its HR obligations, what would you say? At the very least, you’d probably shrug and say, “Pretty well,” and “Could … [Read more...]
Ensuring a peaceful succession with a buy-sell agreement
A buy-sell agreement is a critical component of succession planning for many businesses. It sets the terms and conditions under which an owner’s business interest can be sold to another owner (or owners) should an unexpected tragedy or turn of events … [Read more...]
2018 – 01/11 – Diet for a fitter, healthier company
Don’t let “founder’s syndrome” impede your succession plan
Are you the founder of your company? If so, congratulations — you’ve created something truly amazing! And it’s more than understandable that you’d want to protect your legacy: the company you created. But, as time goes on, it becomes increasingly … [Read more...]
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