Do you enter into a buy-sell agreement with a partner? If you don’t have a partner, do you bring one on? Do you transition the business to the next generation of family? Do you sell it to the employees? Do you sell it to a third party? And of course, the million dollar question is…what is it even worth?
Business Owners: What if I told you there is a way to keep your key employees loyal that is stickier than just throwing cash bonuses at them? That didn’t require you to do the exact same for ALL of your average rank and file employees?
What do we do at Gulf Coast Financial Advisors, exactly?
Interest rates are at their highest point since 2007, about 16 years ago. We to try to solve this riddle: Is this as good as it gets as it pertains to interest rates? Will they last?
Have a written last will and testament, and if necessary, an estate plan. We’re going to go more in depth on this, but a quick note – you don’t always have to have a large estate to need an estate plan.