Business Owner Interest Insights

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INTEL

Major Update to Small Business Law

The Corporate Transparency Act went into effect on January 1, 2024, and impacts millions of small businesses in the US. Here's what you need to know.
The companies impacted by the CTA are mainly the millions of US-based small businesses with 20 or fewer employees and less than $5 million in revenue.
INTEL

Stock Redemption Agreements No Longer Reduce Tax Liabilities

A 2024 Supreme Court ruling means death benefit proceeds from company-owned shareholder insurance increase taxable estate value.
The June 2024 Supreme Court decision in Connelly v. Internal Revenue Service held that a corporation's stock redemption agreement doesn't offset the value of life insurance policy proceeds applied to fund the redemption.
Business Owner Interest

Tips for Personal Financial Planning Before an IPO

Consider these important questions about the benefits of pre-IPO planning and its impact on your personal financial goals.
If you're within 12 months of a possible initial public offering, or IPO, it's important to take steps towards attaining the best outcome for building your personal wealth.

Ann Lucchesi

Senior Director

Business Owner Interest

Learn More About the QSBS Exemption

The QSBS exemption can potentially protect up to $10 million from federal taxes.
If you're a founder, angel investor or employee of a successful early-stage company, certain qualifications might help you protect up to $10 million from federal taxes.

Ann Lucchesi

Senior Director

Business Owner Interest

Building a Business Exit Strategy

When it comes to business exit planning, it's important to start early. Following this 3-phased process makes planning more straightforward.
Having an established exit plan in place long before you think you’ll need it can also help soften worst-case scenarios.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

Business Owner Interest

Crucial Steps for Generational Succession Planning

Transitioning a family business from one generation to the next? Generational succession planning can help.
Planning for a prosperous generational transition involves many steps, but there are three critical milestones owners should consider to achieve intended outcomes.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

Business Owner Interest

Ideas for Business Owners During Difficult Economic Times

With smart planning, your business can be a source of retirement income for you and a legacy for your family or community.
When stressful decisions arise, turning to a business financial plan can help.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

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