FAQ: What is a trust and why do I need one?
February 18, 2015
Part of every business owner’s exit strategy should include estate planning. Estate planning often includes a trust, but what is a trust and why do I need one? Synergetic Finance founder and author Joseph M….
FAQ: What is the standard of value? Part 2 of 2
February 10, 2015
In our last post, we started a discussion of standard of value, giving a brief overview and explaining Fair Market Value. In this post, we’ll cover book value, intrinsic value and investment value. The following…
FAQ: What is the standard of value? Part 1 of 2
February 4, 2015
One of Synergetic Finance’s services is to provide company valuations to business owners. Because performing a business valuation can be complex, Synergetic Finance founder and author Joseph M. Maas explains how it works and what…
Long-term care insurance explained: part 2
December 26, 2014
In our most recent blog post, we introduced you to long-term care insurance and explained risk management and how to evaluate a policy, including factors to consider. We continue our discussion below, beginning with benefit…
Building your lifestyle protection plan
September 26, 2014
There are three matters which must be examined thoughtfully and with prudence because they form the core of your financial prosperity. The first of these is establishing how much you’ll need in annual income as…
Working with a business broker
August 27, 2014
You’ve worked too hard and too long to risk selling your business by yourself. You need a professional who knows how to sell businesses, where to advertise, and has industry contacts. The chances are you’ve…
Are you for real? Are you ready to sell?
August 13, 2014
Selling your business is a big decision and requires a lot of thought and planning. How mentally and financially ready are you to sell your business? When are you seriously thinking about selling? Do you…
Setting estate planning goals
July 29, 2014
Part of the exit planning process is doing a personal financial review. A thorough exit plan should include an estate plan as part of the process. As you and your attorney begin planning, consider your…