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Hiring your teenage children to work in your business can give them valuable employment experience and teach them to handle responsibility. It can also give them a head start in saving for their future.

Many business owners do not insure their single most valuable asset—their ability to earn an income and manage their business.

Without an Estate Planning strategy in place, you could expose your hard-earned assets, such as your business, to unnecessary estate taxation.

For the owner of an interest in a small-to medium-sized business, such as a proprietorship, partnership, or corporation, the problem of an untimely death cannot be underscored too markedly.

Consider for a moment how a sudden and unexpected event, such as the loss of a key employee, could affect your business.

You may be one of the many family business owners who can’t imagine ever fully stepping down from your company. You may imagine yourself busy in a mentoring role for many years to come.

The Small Business Administration’s (SBA) website has an online library of electronic publications free for all visitors. These resources may help budding entrepreneurs, as well as seasoned professionals.

Some business owners overlook the hazard to their personal income should they become totally or permanently disabled during their working years.

With a GRAT, you can put all or part of your company’s stock into an irrevocable trust that pays you (the business owner) a fixed income for a specified number of years.

Timing is everything. As a result, it is prudent for today’s small business owner to consult with insurance, legal, and tax professionals to devise a plan of action that will provide security for his or her business and family.