Congratulations on deciding to purchase a new home! The spring season is often a busy time for homebuyers. Inventory is typically higher during this time, meaning buyers have more options.
The First Bank Center for Family-Owned Businesses hosted "The Secrets of Servant Leadership" event. CEO Shelley Seifert moderated a panel discussion with Dr. Ken Blanchard, author of "The One Minute Manager", and "Servant Leadership in Action", among dozens of other best-selling management and leadership books; Estean Lenyoun, Founder of Impact Urban America; and Roger Kotch, former CFO of In-N-Out Burger.
A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing owner's share of the business. Specifically, buy-sells control when owners can sell their interests, who can buy an owner's interest, and at what price.
Yes, they can be an excellent way to save for college. 529 savings plans let you save money for college in an individual investment account that offers federal tax advantages. 529 plans are established by individual states and managed by an experienced financial institution designated by the state. Plans may have slightly different features but essentially work the same way.
Although producing a high-quality product or service that consumers want or need is essential to a successful, sustainable family business model, there’s yet another component that shouldn’t be overlooked: building authentic client relationships.