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Building and running a successful business can be hugely rewarding, both personally and financially, but it comes with unique challenges and risks that require the business owner to be prepared for the unexpected. A solid business plan is perhaps the best line of defense against unforeseen events that could derail a business. A close second is insu...

With artificial intelligence’s (AI) prevalence, companies must consider developing not only an AI strategy but also a robust internal AI policy. Download this checklist for a step-by-step guidance on how to create an internal AI policy for your organization. For the in-depth insights on developing an internal AI policy, explore the Comprehensive Gu...

Artificial Intelligence (AI) is rapidly becoming an integral part of our daily lives and workplaces. With AI’s growing prevalence, organizations must consider developing not only an AI strategy but also a robust internal AI policy. This guide outlines the reasons for establishing an internal AI policy, the stakeholders involved, essential policy co...

“You only sell your company once” is a phrase founder/family-owned business leaders often hear before embarking on a major liquidity event. It demonstrates the enormity of the undertaking to effectively sell a business. Ensuring your company is prepared for a sale is crucial to any exit strategy, and should be considered long before beginning a sal...

Preparing yourself and your family can be one of the most overlooked parts of a business sale and exit strategy. But it goes beyond maximizing tax efficiency and unlocking newfound wealth—it’s a monumental transition filled with emotional considerations. This article outlines key questions and critical areas of considerations for business owners an...

While business continuity planning and good crisis management are important, organizational resilience encompasses much more. An integrated approach to resilience provides organizations a competitive advantage over less-prepared peers, as well as the ability to adapt to constantly changing external circumstances. Organizations would be well-served ...

The Corporate Transparency Act requires certain newly formed and existing corporate entities to identify and disclose information on their “beneficial owners” to FinCEN. This information includes identifying the beneficial owners by full legal name, date of birth, current residential or business address, among other data. FinCEN is now ...

“I’m 100 percent not you, and you’re 100 percent not me.”— Find out why that powerful reminder from guest Cassie Atteberry is the key to making the “people stuff” easier for you, your family, and your organization. In this episode, Cassie joins host Damien Martin to share insights to help you to show up as ...

Among its many provisions, the American Rescue Plan COVID relief addresses paid sick and family leave under the Families First Coronavirus Response Act (FFCRA) and makes temporary but significant changes to COBRA coverage. A short (and high-level) summary of the changes are provided to show the effect on covered employers and employees.

Just because a small business or startup makes it beyond its initial launch phase and sees some early commercial success doesn’t mean its challenges are over. In this podcast, learn about three important topics—including key metrics in the early growth stages—for business leaders buying into startups, creating value over time, and...

After a very difficult 2020, rapid vaccine development has sparked optimism among the public and in the business community. But there’s a long road ahead while infections remain high. During this transition period—when vaccines are becoming more widely available, but before the country achieves herd immunity— businesses should con...

As COVID-19 cases have spiked across the country, many businesses have adjusted certain operations with an eye on customer and employee safety, as well as to ensure compliance with recent changes to government orders. Some businesses have faced challenges that they have not seen since last spring. As the average daily death totals in the U.S. remai...

At some point in a business relationship, differences of opinion are likely to arise. In businesses where there are equal owners of the company or in a 50/50 business, it is important to ensure that there are carefully drafted governing documents that detail the process for resolving a conflict or impasse. Learn the common mechanisms for resolving ...

The CARES Act has brought important tax relief provisions and these, coupled with sophisticated tax planning techniques, are more effective now as asset values and interest rates have dropped. Our discussion focuses on key COVID-19 programs and wealth and tax planning ideas that may benefit your family, including making adjustments to grantor retai...

While many are still managing the COVID-19 crisis, post-COVID-19 action plans are starting to take shape. Our discussion focuses on unpacking recent tax law changes and the impact on a family office, including key considerations—such as the sale of business goodwill and trust and estate planning—when deciding the entity choice of your o...