Budget and Forget It? Why Annual Planning and Budgeting Fail and What Every Business Owner Can Do To Succeed

There are plenty of articles and resources on budgeting and overall planning available to business owners. The problem is that too much of the old “tried and true” advice puts the emphasis onannual planning. Why is this a problem?

Business Succession Planning Basics

Business succession planning is creating a roadmap of how you intend to exit your business. While it frequently refers to what happens upon the death of a business owner, it can also refer to retirement, disability, or the sale of your interests in the company to a third party, employees, or family members. Among other benefits, a successful business plan minimizes taxes paid by you, your estate, and your heirs. Just like a will, a business succession plan helps to establish your intentions for your business and may help to avoid disputes about how the business is to be operated if you become unable to manage it. Not having a plan can create problems for your family and other owners and may spell disaster for your business and its customers.

Five Worth-Watching Financial Strategy Trends for 2012

Trend #1: New Why’s and Ways of Outsourcing: What comes immediately to mind when you think about the benefits of outsourcing?

Insurance Tips From MyCity4Her Affiliate Stacia Cook Cuthie Of Insurance Inc.

Join Us for Baltimore Financial Planning Day on October 29th

Mayor Stephanie Rawlings-Blake and the City of Baltimore invite you to Baltimore Financial Planning Day on October 29, 2011!

Maryland Estate Tax Legislative Update

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Act”) was signed into law on December 17, 2010 and makes the following changes to the federal estate tax laws

Planning Beyond the Numbers

While it’s never a bad time to revisit the fundamentals of investing, it’s an especially good time to do so when volatile markets start making investors feel anxious and uncertain. It’s during times like these that you’ll hear a lot about asset allocation.

Preparing to Sell Your Business

Now that the economy appears to have stabilized to a degree, mergers and acquisition activity is beginning to increase as certain access to credit has similarly relaxed. There are also many private equity companies that have cash and are looking to invest such funds. As a result, you may be considering that now might be a good time to explore the waters and determine if you would like to sell your company.

Quarterly Market Review: July - September 2011

It was a roller-coaster quarter for equities, as weeks and even days when the Dow swung several hundred points in both directions seemed to become commonplace.

Seven Strategies for Investing During Volatile Market

The markets don’t always behave the way we’d like them to: Geopolitical turmoil, natural disasters, interest rates and world events can have a profound effect on market movements. If market volatility has you concerned about the economy, you are not alone; this is a confusing time for many investors. Some have decided to stay the course, while others are sitting on the sidelines waiting for the market to rebound.