Open enrollment for company employee benefit plans is underway. But before employees sit down and decide which plan benefits they plan to opt-in or opt-out of, small business owners have the task of creating those plans. Unfortunately, many small business owners “don’t always get to control the design of their plan the way large businesses do,” cautioned Renee Blaine, an HR Consultant and owner of … [Read more...]
Does your Small Business Need an HR Specialist?
Most small business owners wear many hats. However, the successful business owner recognizes when it’s time to call in a specialist for help. A tax accountant, a lawyer, a financial advisor or insurance provider are all members of your financial team. These individuals bring an expertise and knowledge base that saves your company time and money while implementing options you may not have been … [Read more...]
A Little Legal Prevention is Better than a Lot of Cure
We’ve talked about building a financial team that includes a strong attorney. Your attorney will play a major role in structuring and protecting the business. However, one of the most important tasks your lawyer will focus on is preventing potential legal liabilities. “The reality is that an ounce of legal prevention is worth a pound of cure in most circumstances,” explained George Megaloudis, … [Read more...]
Building Your Financial Team: Choosing an Attorney
Our belief in the importance of a financial team is well established. As your business develops and grows, surrounding yourself with a trusted financial advisor, CPA, and insurance provider will support your continued success. This includes having an attorney in your circle as well. You may be wondering how a lawyer fits into a financial team? First of all, how you set up your business, its tax … [Read more...]
The Attorney’s Role in a Financial Team
A team by definition is “a group of people that come together to work toward a common goal.” As a business owner, you the captain of your financial team, leading it towards the goal of running and growing a successful business. Once you have selected an attorney for your financial team, what should their role be? How should your attorney assist you as you make financial decisions for your … [Read more...]