In estate planning, this phrase refers to planning to transfer business ownership and control to the right persons while minimizing the tax cost. The concept usually applies to closely held family-owned businesses. A business is owned by a father whose wife will probably survive him, or both spouses own it in a typical situation. They...
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Estate Planning starts with an analysis of: Your assets Your liabilities Your present and future needs and desires The present and future needs and desires of your family and relatives Your and their future prospects. Estate planning consists of planning and structuring your assets to meet those needs and desires. Some of the considerations...
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Being a business owner comes with independence, control, and a world of possibilities. It grants you the opportunity to multiply your earnings and possibly grow an empire in your industry. But is it always a smooth sail? What happens to your time and financial freedom when running an SME? How can you make sure you...
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What you need to know: Better spending starts with discipline Keep a budget and stick to it! Set a savings goal Cut down on unnecessary expenses Being in debt is no fun at all. The thought of having all these bills to pay and not knowing how you are going to pay them is...
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