If you’re like many family business owners, you likely created your company to blaze a path forward for your family. Unfortunately, however, statistics show that most family-owned companies don’t last more than a generation. Not sure why? Often it’s the lack of...

The world of business is precarious and fraught with many unknowns. Various events can cause even the most stable businesses to quickly slow down or close. If something were to happen to you as the owner, you need a plan. For this reason, experts recommend that...

Many people start a business and are thrilled to see it as it evolves and grows. Planning for the succession of the business, however, is almost never considered or planned. Business owners, typically, don’t plan for a time when their relationship with the business...

It’s not enough to start a business, grow it, and see it become successful – although that is a tremendous accomplishment! For the business to remain viable after a transition change, advanced succession planning for small business is recommended. When it comes time...

The one thing that many business owners learned from the Covid-19 pandemic is that no matter how stable a business is, it can quickly close or go bankrupt if the right set of circumstances present. Within a span of two years, the Covid-19 pandemic knocked down...

Running a business (big or small) is a time- and labor-consuming affair. For most businesses, there are new challenges regularly, but while owners prepare for the daily issues facing them, they often do not prepare for the future. Just when you think you have the...

As people age, the question of long-term care becomes more and more important to both the elder individual and his/her family members. It is good to plan early because already having a plan in place can help immensely if certain health issues arise quickly and you...

As more Americans reach retirement age, they will be faced with higher costs of healthcare and long-term care. And, sadly, a significant number of seniors will require long-term nursing care at some point in their lives. Today, the average monthly cost for nursing...

There are nearly 41 million Americans aged 65 and over in the United States. Of these, nearly 70 percent will require some type of long-term care with advancing age. While some seniors may be able to provide for themselves, there are still at least 15 million seniors...

With advancing age, at least 70 percent of seniors will need some type of long-term nursing care. For those who have no money, Medicaid will provide financial assistance but for those who have saved enough and have a good pension, they will either have to pay for...