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Estate Planning Strategies for Tire Dealers
January 01, 2010
[Editor Note: This interview with Mary Jo Lockshin, a partner at Stark & Knoll LPA, appeared in the November 2009 Akron/Canton edition of Smart Business magazine. Readers are urged to work with their own local accountants and/or attorneys to address their unique needs and specific state regulations.] The decreasing value of assets in a down economy may make this the ideal time to review your... read more
 
Six Steps for Family Business Succession
July 31, 2009
Of the 24 million family owned businesses in the United States, only about 30% will survive into the second generation, according to The Family Business Institute in Raleigh, N.C. That's a sobering statistic for business owners whose crowning achievement is the company they built. But those who begin succession planning early – approximately a decade before retirement--stand a better chance... read more
 
Threats to Every Business Owner's Estate Plan
May 01, 2009
During the next 20 years, close to 80 million Baby Boomers will retire. Not only are the Boomers retiring, but their parents, the World War II generation, are passing away. As a result, it has been estimated that over $10 trillion will be transferred from the World War II generation to the Boomers in the next 20 years. This is the largest intergenerational transfer of wealth in history. The... read more
 
The Golden Years
July 01, 2003
Small Biz Owners Can Take Advantage of Many Different Retirement PlansA quiet revolution has occurred in small business retirement planning, brought about by some new tax laws that drastically alter the playing field of small business retirement plans.Since the passing of the Economic Growth and Tax Relief Reconciliation Act of 2001, small business owners could begin to put away more pre-tax money... read more
 
  

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