Many big-name companies have taken the plunge recently and gone public. The move to unroll an initial public offering or IPO, is often a lengthy decision process that follows years of hard work building up a brand. The fallout can be sudden, requiring its employees to create an IPO wealth Read more…
What’s Your Cause? How to Tie Board Decisions to Your Mission
Because one of my favorite things is pizza, I often joke that it gives me “purpose.” What better motivator is there during a long week than a family dinner at Farotto’s? Read more…
Own a Business in Illinois? You May Be Forced to Start a Retirement Plan
Small businesses are facing big changes in Illinois. In 2015, the Illinois State Legislature’s Secure Choice Act began a series of steps that ultimately led to the creation of a “State Sponsored Retirement Plan.” Now, small businesses may be forced to become participants in a retirement plan Read more…
3(21) or 3(38): A Guide for Business Owners
Plancorp has worked with many business owners over the years to improve their corporate retirement plans. We have rarely come across a business owner who wanted more liability on their plate. Unfortunately, business owners frequently retain more than their fair share of legal liability—without even Read more…
20% Qualified Business Income: Summary of Proposed Regulations
As we pass the 3rd Quarter estimated tax deadline for 2018, we shift ahead in thinking about year-end planning and projections. One of the biggest tax planning opportunities arising from the Tax Cuts and Jobs Act is the new 20% Qualified Business Income (QBI) Deduction for business owners of sole Read more…
Time for a Checkup: Indicators of Financial Wellness in Your Workplace
“An ounce of prevention is worth a pound of cure.” -Benjamin Franklin Read more…
Why Physicians Need a Financial Advisor
Physicians in most specialties have no “products” to sell other than their expertise and advice. For that reason, productive use of time, both at work and at home, is critical. It has taken on increased importance among resident physicians at the beginning of their careers, for whom lifestyle Read more…
Transitioning Your Business? Consider These Questions First
Like most major life decisions, the choice to exit your business should not be made alone. Read more…
6 Signs It’s Time to Sell Your Business
There’s no right or wrong reason to sell your business; when you’re ready, you’re ready. Read more…
