Common wisdom among serial entrepreneurs is that you plan your exit at the same time you start your business. We know that most closely held business owners don’t think that way. They are owner operators who love what they do and are often involved in the daily operations of the business. However, a business is …
S.E.A. was established in the 1970s by Richard “Dick” Mendelman and his business partner Leland “Buck” Burnett. Today, the company operates four marinas and two full-service boatyards in Three Mile Harbor, East Hampton, NY. The marina enterprises also include a waterside restaurant and services that range from watercraft rentals, gas and diesel fueling, boat and …
Continue reading Client Corner: Seacoast Enterprises Associates, Inc. (S.E.A.)
Both Houses of Congress have now passed the "Tax Cut and Jobs Act." This legislation has been signed by President Trump and has become a law. Following are some provisions of this bill that will affect many of our clients. This is a massive bill and many provisions are not mentioned here. Obviously, every tax …
Key person insurance can be an essential component of business continuation planning. The business, or the owners and key persons who are essential to operating the business, purchase these policies. If an owner or key person dies or becomes disabled, this insurance could help make up for lost sales or earnings, assist in satisfying the …
Continue reading Funding Options for Key Person Life Insurance
On July 19, 2017, New York State (NYS) released final implementing regulations confirming that employees who regularly work 20 hours or more each week will become eligible for NYS Paid Family Leave (PFL) after working 26 consecutive weeks for their covered employer. Employees who regularly work less than 20 hours per week become eligible on …
Continue reading New York State Paid Family Leave: The Facts
