Starting a business is exciting, but it takes more than a dream to succeed. According to LendingTree, 20 percent of companies fail every year. Your business does not have to be one of those failures. Keep the following in mind as you begin your entrepreneurial journey...
After spending years building a successful Kentucky business, you may assume that your children will take over the reins when you retire. Although you may be excited for them to do so, you may be shocked to learn they have other plans. The following steps will ensure...
Estate planning is an essential task you should take on as you get older and begin to acquire more wealth. Your estate plan allows for the transfer of assets to your desired heirs upon your death, yet many people have yet to create one of these plans. According to a...
Launching a business can be exciting. That said, it can also be challenging, especially if it is your first time launching a company. While there can be a lot to consider as you get started, that does not mean that you need to feel overwhelmed. There can be simple...
Philanthropic individuals who have highly appreciated assets that create minimal income may want to consider creating a charitable remainder trust. This type of split-interest trust allows a donor to make a gift to charity while retaining an interest in the income the...
If you have been a business owner for a while, a time may come when you want to sell your company. From retirement to a change in business goals, there are many reasons why an entrepreneur might want to sell. Get a comprehensive valuation of the business Before you...
When entering into a business agreement in Kentucky, contracts can be essential. There are different types of contracts. Some are written while others are implied. Knowing the difference is important as there are different ramifications for each. Written employment...
For prospective business owners in Kentucky, the process of getting a new endeavor off the ground will be exhilarating. Still, it is important to remember the fundamentals. A critical first step is establishing a firm business foundation in accordance with the law....
Many parents go to great lengths to treat their children equally. So, it should be no surprise that business owners often will try to divide the family business equally among the children, regardless of the number. However, some business experts believe owners should...
Knowing how to negotiate with potential investors, suppliers and co-owners is an essential part of starting a business in Kentucky. If you know how to do this with other people in your industry, you'll be able to get what you want without compromising too much. Here...