You started your own business. You wear all the hats and are expected to have all the answers. This is what you do when you are starting out.
There is probably one thing that you are really good at such as sales or product development. You started with a vision and a “particular set of skills”. As your business grows, it becomes more difficult to keep all the balls in the air. [. . .]
Check out the new video from LPL Research. It is only 6 minutes long and highlights many of the themes contained in their 2015 Midyear Outlook: [embed]https://www.youtube.com/watch?v=5mjELbGM87c&feature=youtu.be[/embed] [. . .]
The new FOX TV show “Strange Inheritance” is an object lesson in how families treat heirlooms and communicate their value. One lesson inherent in these episodes is the need for the senior generation to clearly communicate their intent for their estates. In one episode, a family found an old comic book collection hidden in the wall of grandpa’s old house. It turned out that they were worth over $1,000,000. If this family had not been diligent in clearing out and reviewing the contents [. . .]
In September of 1993, I hosted the first Family Business Council meeting for the California State University, Fullerton (CSUF) at my office in Irvine, CA. Two of those attendees were John and Tom Summerfield of Cascade Pump. Even though they were not sure their business would continue into the 3rd generation as a family owned business, they wanted to explore the challenges and opportunities of maintaining their parents business into the 3rd generation.
On January 20< [. . .]
As we look ahead to 2015, we see a year that will be marked by transitions. Likely changes in monetary policy around the world, the return of volatility, and the recent shift in the political balance of Congress could mean 2015 is a year that will have the global economy, markets, and central banks all on the move.
LPL Financial Research has identified significant elements that will be in transit in 20 [. . .]
Now that the Affordable Care Act has finished the first year of coverage, many Californians will face a new challenge when filling their 2014 tax returns. Each person covered through the State Exchange (CoveredCA), will be issued a new form 1095A. This form will outline the amount of subsidy they either received or were entitled to receive. This amount must be reported with the 2014 income tax filing on a new tax form: 8962.
As this is a whole new process, it is likely to cause confus [. . .]
Just as you thought it was safe to make planning decisions on your company benefits, the State of California is changing some of the rules. At the beginning of 2014, the State decreed that all employees would be eligible for your group coverage no later than the first of the month following 60 days of employment. Even though the Federal standard was 90 days, California legislators decided on 60 days. Now the legislators and the Governor have 'seen the light' and are bringing the California [. . .]
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.
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