How to Determine if Cash Value Life Insurance Is Right for You

Cash value certainly does sound like a great thing, but when you’re talking about life insurance, you’ll have to do a little bit of analysis to determine whether or not cash value life insurance is worthwhile for you. The cash value referred to is actually a component of savings associated with either universal life or…

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When Should You Start Thinking About Succession Planning?

Your business was created as a result of a lot of hard work and collaboration, and probably even some risk-taking here and there. In fact, it takes a lot of risk-taking. And, most people consider it their biggest asset. But few plan for their exit in order to secure the value they’ve built. The business…

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Reward Key Employees With an Executive Bonus Plan

Finding the best ways to both reward and retain employees is a key focus for most modern businesses. Whether you’ve just had an excellent year in sales or you’ve had an employee that has outperformed expectations, finding the ideal way to compensate going above and beyond doesn’t have to be complicated. With an executive bonus…

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3 Most Surprising Things That Affect Your Business Valuation

People value businesses for many different reasons, such as insurance, resale, or taxation. To some extent, the most significant factors vary depending on the type of business. Most people assume valuations are all about numbers, but that’s not the full picture. The numbers are obviously a key piece, but valuators consider other factors that many…

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Business Valuations – When and Why Do You Need One?

Knowing the worth of your business is essential for small business owners for any number of reasons. In many cases, your most valuable asset is the business itself. But when it comes to figuring out exactly what your company is worth, it’s not as easy as just looking it up online. A formal, proper business…

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3 Things You Didn’t Know About Supplemental Executive Retirement Plans (SERPS)

A supplemental executive retirement plan (SERP) is a deferred compensation plan provided to executives or other highly paid employees by a company. It is intended to supplement retirement benefits, and because it is a non-qualified plan, it functions outside IRS rules for qualified plans like 401(k)s. Since it is also a deferred status plan, it…

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