Article Abstract:
Several wealth enhancement and preservation tips are offered to business owners. These include making deductible and nondeductible retirement contributions, carefully structuring shareholder loans, including a 'loser pays' provision in contract negotiations, and protecting the company's customer lists. Recommendations for dealing with taxation, life insurance, personal liability, subrogation rights and second homes are also discussed.
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Article Abstract:
Advice to business owners on how to protect and increase their wealth is presented. Topics include maximizing post-retirement income, the use of joint accounts and hiring a spouse as an employee.
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Article Abstract:
Ideas for the business to increase and protect their wealth are presented.
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