Managing payroll for any business requires a lot of time and effort. Payroll administration is much more than calculating hours and wages, as it’s also important to stay in compliance with federal and state requirements. Choosing to outsource these tasks to another company is a great way to improve efficiency for your entire organization while […]
What Is Key Man Insurance And Does My Business Need It?
Managing a small business is often a challenge, as it requires numerous partners and employees to ensure everything runs smoothly. The death or disability of a business owner can devastate a company and make it nearly impossible to succeed. One way to prepare for this situation is to invest in key man insurance to help […]
How Much Is My Business Worth? Skip The Online Calculators And Get A Thorough Valuation
Understanding the worth of your business is important due to a variety of reasons. Maybe you are planning an upcoming merger, or you are in the process of creating an estate plan. Getting a business valuation is especially critical if you plan to sell your company or if you are looking to attract more investors. […]
Am I Required To Have Workers’ Comp Insurance For My Business?
Understanding the various insurance requirements for your business is important to stay in compliance with state laws. Workers compensation insurance is a requirement for companies in Florida if you have four or more employees, whether they are full-time or part-time. However, there are a few special considerations to the law involving the construction and agriculture […]
Cover Your Business With Insurance Specifically Tailored To Your Needs
Choosing the right insurance agency is an important decision for all types of businesses. Partnering with a boutique insurance agency allows you to receive customized support to ensure all of your needs are met. These insurance professionals will develop a personalized plan to help your business succeed while letting you choose from a variety of […]
5 Key Options For Funding Your Business’ Buy-Sell Agreement
A buy-sell agreement is a basic part of overall business planning. It’s essentially an agreed-upon way that a business owner can be bought out, should the need someday arise. It also involves planning for how a business continues in the event of the death of one or more of the business partners. Knowing what a buy-sell […]
Why Cyber Insurance Makes Sense In A Post-Covid World
For a time, when many people weren’t going out and shopping in-store as much at the height of the Covid-19 debacle, online sales were soaring and it was more important than ever to have a strong online presence as a business. That made cyber insurance especially attractive to many companies. But what about now? What about […]
Business Equity Financing: Short Primer
Life insurance can be used and paid for in a wide variety of ways, making it one of the most versatile forms of insurance on the market today. Those seeking a high net worth policy for personal or (more usually) business purposes often rely on a strategy called “business equity finance” to make financing a […]
When To Order A Business Valuation
Oftentimes, there are changes in the partnership agreements or stockholders of an existing company, or other “triggering events” that pop up in the course of owning/running a business. Frequently, these kinds of situations call for a professional business valuation to be done to ascertain the monetary value of the business. Business valuations can take several […]
7 Key Benefits Of Good Human Capital Management
One of the biggest factors that will make or break a business is how well they deal with people. More specifically, we are focusing on how a company deals with its own people – its employees. In business terminology, we refer to this aspect of running a business as human capital management. Good human capital […]