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Departments » Finance & Wealth

Finance & Wealth

 

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- If you own a business, chances are you also own life insurance. The most common reason for owning insurance is also the most obvious: death benefit protection. This can mean anything from providing income for your family, to protecting your business from creditors, or providing funds for the all important buy/sell agreement.

- Surprisingly, few business owners and entrepreneurs understand the importance of establishing Buy-Sell Agreements (BSAs). In general, people do not like to think of a future that does not include themselves, something especially true in the business world. However, this is an issue that prudent owners ought to address before personal tragedies occur.

- The estate tax lifetime exemption increased to $3.5 million per person as of Jan. 1, 2009. What does this mean for your estate plan?

- Everyone is hoping the stock market returns to its highs, but a realistic outlook of lowered expectations will best serve individuals..

- For most Michigan businesses, buying a custom piece of equipment, such as a stamping press, arc welder or conveyor system, is one of the most significant capital expenses they will make in any given year.

- Global economic challenges are having a profound impact on how companies are attempting to increase the cash flow for their existing operations. If a company is not in a financial crisis mode, it may be able to negotiate more favorable terms with its landlord, suppliers, lenders and vendors.