Every business wants to know how to maximize profits, but sometimes earning more by selling more isn’t a viable strategy. Market conditions can turn lead generation efforts cold, perhaps your…
Maximizing Profitable Exits: How to Price a Business for Sale
Selling your business is a significant milestone. After years of hard work and dedication, it’s time to close this chapter and move on to the next. But how do you price a business for sale? And what factors can you control to influence the final…
How to Convert Your LLC to an S Corp
Your LLC is thriving, with consistent profit growth over time, yet your self-employment tax bill seems to follow suit. It’s time to reevaluate your business structure and possibly make a transition. Could shifting from LLC to S corp be the answer?
Distinguishing Between Revenue and Profit: A Guide for Business Owners
Understanding financial metrics is essential for assessing the performance of any company, regardless of its industry or business type. Among the most crucial metrics are revenue and profit, which provide valuable insights for accurate…
The Business Owner’s Guide to Wealth Preservation: Safeguarding Your Assets for Future Generations
Business owners work long and hard to build wealth and establish a successful enterprise. However, protecting and preserving that wealth for future…
Tax Planning for Business Owners: Strategies to Mitigate Your Tax Burden
In this article, we will explore various tax strategies tailored specifically for business owners, designed to help you understand and strive to optimize your tax situation or know what to look for in your own plan. By implementing these techniques, you…
Cash Flow Management for Small Businesses: 8 Tips and Tricks from the Financial Advisors at Trivium Point Advisory
Managing cash flow is the lifeblood of any small business. It’s like the heartbeat of your enterprise, keeping your dreams alive and kicking. But sometimes, cash flow…
Premier Wealth Management for High Income Business Owners: Work Towards Protecting Your Business and Funding the Life You Love
As a high-income business owner, you have unique financial needs and challenges that require a specialized…
Why It’s Critical to Integrate Tax Preparation with Your Financial Plan
For many people, reviewing their financial plan and preparing their taxes are mutually exclusive events, meaning they tend to treat them separately as if one didn’t impact the other. Many often review their financial plans once or twice every…
Dispelling the Water Cooler Myths Around Business Entity Structures: LLC or S-Corp?
We see this scenario almost weekly. A valued client refers a business owner friend to our firm and the first thing they ask is: “I’m an LLC, but my friend said I should file as an S-corp. What should I…