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TRI-CIRCLE FINANCIAL BLOG: Clear Financial Guidance for Businesses and Individuals

Shopping for Discounts

Posted in: Business Succession
November 30th, 2016

By Bill Sornstein

This is the time of year that shoppers look for big holiday discounts.  It always feels good to get 25-50% off. You can also obtain deep discounts as a family business owner.  Estate and gifts taxes can create significant transfer taxes when you pass your business to the family.  There are tax saving opportunities available if you plan ahead.  The two primary discounts are for lack of marketabili [. . .]

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Giving Thanks

Posted in: Financial Planning
November 23rd, 2016

By Bill Sornstein

We hope you enjoy this most uncommercial of holidays.  A time to share food with family and friends.  A time to count our blessings.  High among these is the freedom to enjoy our “life, liberty and pursuit of happiness” as a citizen of this great country. Happy Thanksgiving to you and yours! [. . .]

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What's Next?

Posted in: Financial Planning
November 15th, 2016

By Bill Sornstein

Donald Trump has completed his landmark quest and will become the nation’s 45th President after a contentious and often divisive campaign. In addition, the Republican Party has retained control of both houses of Congress. This outcome marks a significant reversal from just a few weeks ago when a Hillary Clinton presidency was highly probable and even a Democratic party sweep of Congress wa [. . .]

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How to Manage Family Dynamics in Your Family Business

Posted in: Business Succession
November 8th, 2016

By Bill Sornstein

Family business is risky business.  The majority of family businesses last 15 years or less.  70% fail to survive the second generation and 85% do not make it through the third1.  Why?  Dysfunctional family dynamics is one contributing factor. The problems with family dynamics include: -  Family rivalries [. . .]

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Family Values – Business Values

Posted in: Business Succession
November 1st, 2016

By Bill Sornstein

Successful family businesses are built on a solid foundation of values.  Often these are unwritten and unspoken, but clearly understood by anyone working there.  The vast majority of the values embodied in these organizations come from the values of the founder.  Values like fairness, integrity, perseverance, creativity, passion, innovation, accountability, etc.  Once these values are imbued  [. . .]

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Rachel Owens and William Sornstein are Registered Representatives with and Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor, member FINRA / SIPC. The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Iowa, Nevada and Texas.