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The Solo 401(k)

By Alan Rhode

Hey there, you savvy business owner, you! If you’re running the show solo or with just your partner, then first of all, hats off to you. The freedom of being your own boss is pretty amazing, right? But hey, even the independent souls among us need to think about the future. Yep, I’m talking retirement, … Continued

The Ultimate Guide to Retirement Plans for Small Businesses

By Alan Rhode

As a small business owner or self-employed professional, it’s essential to understand the variety of retirement options available. The right plan offers financial security for the future and can also provide current tax benefits. Here’s an in-depth look at the top retirement plans tailored for small businesses and self-employed individuals. 1. Individual 401(k) / i401(k) … Continued

Business Transactions: Asset vs. Share Purchase

By Alan Rhode

Two paths stand out when diving into the world of business acquisitions: asset purchase and share purchase. Each has its perks and pitfalls; understanding these can guide your choices. Let’s break these down in a more approachable manner. Quick Overview Asset Purchase: Here, the buyer handpicks specific assets like equipment, inventory, or even customer lists. … Continued

The Wealth Gap

By Alan Rhode

The Business Owner Wealth Gap The wealth gap is a term that has taken on numerous interpretations over the years. While many think of it in terms of income inequality, for business owners, it signifies a different kind of challenge: the gap between the value of their business and the funds they need for a … Continued