Association Health Plans expanded definition of Employer opens some doors
On June 19, 2018, the U.S. Department of Labor (DOL) issued an updated definition of “Employer” under Section 3(5) of ERISA (Association Health Plans), which was finalized in the final rule on July 10th, 2018.
Year End Planning Tip – Check Your Estate Planning Documents
With the end of the year fast approaching, now is the time to fine tune your estate plan before you get caught up in the chaos of the holiday season. One area that married couples should revisit is their estate planning documents.
Year-End Planning is a MUST….it’s also good to include your general counsel.
The year-end is coming up and planning for 2018 should be underway at most companies. If you haven’t started yet, or if you have, I think one quick story might be instructive about why it’s a good idea to include your general counsel in the process.
The three musketeers is best for co-founders…
Anyone starting a business with someone else will eventually have to tackle relative ownership and compensation questions. For some founders the answers are simple, but for most it is a sticky issue that creates a lot of stress and runs the risk of ruining both friendships and the business.
Bonus E-Book: “20 Productivity boosting methods for the positive mind”
Excerpt: “Without a clear focus, it’s too easy to buckle under to distractions. Set targets for every day beforehand. Decide what you’ll do; then do it. We often discuss our goals as if they’re nothing but dreams. Actually, we can accomplish goals on a daily basis. Daily goals contribute to weekly goals. Weekly goals add […]
Niche, Dominate and Repeat
One of my favorite phrases about successful startups came from a conversation with Jonathan Sides, former Daxko VP of Finance (now CFO with Fleetio), several years ago when he told me a bit about the Daxko story. He summarized their business strategy as “niche, dominate and repeat.”
Communication and Planning in a High Growth Company
Ralph Waldo Emerson once said, “Speech is power: speech is to persuade, to convert, to compel. It is to bring another out of his bad sense into your good sense.” For quite some time I have suggested a plan (see below) of communication to clients and BAN participants. It’s not anything ground breaking, but it […]
ESOPs…is it time to look?
Our main clients are closely held businesses (and their owners), so business and individual planning are often tied at the hip in our office. Often that means a business sale isn’t the ideal exit or retirement solution for our clients, so we look hard for tax advantaged strategies that (at a minimum) won’t hurt the […]
Legal Checkup: “An ounce of prevention is worth a pound of cure”
A company legal checkup is similar to one that you would have with your personal physician. It’s evaluating the status of your business’s legal matters currently and prioritizing areas for improvement.
Five Myths About Medicaid’s Long-Term Care Coverage
While Medicare gets most of the news coverage, Medicaid still remains a bit of mystery to many people. The fact is that Medicaid is the largest source for funding nursing home care, but there are many myths about exactly who qualifies for it and what coverage it provides. Here are five myths followed by […]
