Planning for Succession of a Business Interest

Business Succession Planning—What Is It? One of the important decisions a business owner must face is when and how to step out of the business--in other words, business succession planning. Do you expect to retire from your business? Do you have a plan in place? What would happen to your business if you were to …

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Retirement Planning Options for Business Owners

In general Perhaps you are self-employed or own a small business. Or, you may be directly involved in running a corporation or a tax-exempt organization. In any of these cases, you generally have the option of establishing a retirement plan in which you and/or your employees may participate. One of the main advantages of a …

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Client Corner: Ramp Motors

Ramp Motors has a history of providing and receiving profound loyalty since their humble beginnings. They have exclusively sold Ford vehicles since Alfred Rampone began operations in 1944. Many employees remain with the dealership for two, and even three decades, and clients return again-and-again to purchase vehicles and for parts and repair. It’s this loyalty …

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Business Strategy — Diversify or Specialize Services?

By Sean Kelly, CPA I learned about a company recently that has proactively developed a niche to physically lift homes to meet current hurricane-proof standards. Based on a federal grant for homeowners, the construction company is tapping a need that has meant growth for its business as well as a benefit to residential customers. This …

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