October 2015

One of the greatest challenges that small and mid-market businesses face is building up sufficient liquid reserves.  It has often been said that, “Cash Is King,” and liquid assets are key to the long term health and survival of an enterprise.  Being in a strong cash position is particularly important if an unforeseen calamity strikes.  Also, liquidity enables businesses to quickly adapt or pivot to address changes in the marketplace.

I recently talked with an insurance agent in the Mid-West who explained why

It is not uncommon to come across successful and profitable businesses that generate little meaningful wealth for their owners.  For starters, businesses often face an array of expenses in addition to operating costs that sap revenue including administrative costs, leases and insurance.  What profits remain are typically ravaged by taxes, weakening the business

Today’s economic climate is challenging and earning (and holding onto) profits is not easy, making wealth accumulation and long term business survivability more daunting tasks.  For this reason, business owners, CFOs and advisors including CPAs, Property & Casualty Brokers, Wealth Managers and Attorneys owe it to themselves

When you think of legal catch-phrases in America, what comes to mind?  If you enjoy watching police detective shows, you may be thinking, “You have the right to remain silent…anything you say may be used against you in a court of law.”  And, here is another legal phrase anchored firmly in the Constitution and the U.S. legal tradition: “Innocent until proven guilty.”

It’s very easy to take this fundamental right of presumed innocence for granted.  Nevertheless, our rights as citizens are turned on their heads