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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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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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Lonely at the Top

Posted in: Business Succession
October 25th, 2016

By Bill Sornstein

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.  [. . .]

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Business Succession, A Life or Death Decision

Posted in: Business Succession
January 12th, 2015

By Bill Sornstein

"Queen Elizabeth visited the set of 'Game of Thrones' and said things are hard to keep track of because everyone keeps dying - to which Prince Charles replied, 'Not everyone'. "  -Jimmy Fallon Like monarchs, some business owners plan to control the company until the day they die.  Unlike royal succession, succession at death can wreak havoc on a family owned business.  In our experience, small businesses often lose talented and motivated family members and key employe [. . .]

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Welcome to Tri-Circle Financial Strategies

January 12th, 2015

By Bill Sornstein

Over the years we have maintained two separate identities:

  • Succession Strategies, providing business consulting for succession planning
  • Tri-Circle Financial & Insurance Services, providing financial planning and products for businesses and individuals
We decided it was time to merge these into one firm with one focus - providing clear and straightforward financial guidance for businesses and individuals. As the name i [. . .]

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We take the complex and make it as clear as we can. We believe that you should never buy a financial product or service that you do not understand.

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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.