Category: LET’S TALK ABOUT….

Special Needs Trusts for People Without Special Needs? »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Would it surprise you if your professional advisor recommended “special needs” planning when you don’t have any special needs children or grandchildren? It’s important to think about things that might happen to your loved ones […]

Gifting Strategies for the Family Business »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Every day in America there are stories of families losing their multi-generational business or family farm because they had to liquidate in order to pay estate taxes. Most estate planners strive to reduce the impact […]

The Role of Sales People in Your Business »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE The role of sales in any business is to develop prospects and close new business. It is the primary source of revenue, and though expense management also plays an important part, the sales function is […]

Building a Business Advisory Team »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Some entrepreneurs can successfully run their business for years on the strength of their own passion, intensity, business smarts, and a little bit of luck. They don’t believe they need advice, and don’t ask for […]

People are Usually the Key to a Successful Business »

Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE CLICK HERE to return to our website People are usually the key to the success and growth of a business. Most business owners have very high hopes for the people they hire. However, most owners have also been amazed to watch the […]

Outgrowing the Sole Proprietorship »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Jerry Sims started his small business from scratch, and has always run it as a sole proprietorship. Now that his revenues have become predictable, and he’s added employees, he knows he needs to operate more […]

The Problem with Entrepreneurs »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE According to the Small Business Administration, about 90% of all US businesses are family-owned or controlled. Yet, approximately 70% of these businesses will not pass successfully to the second generation, 85% won’t make it successfully […]

Planning for the Family Vacation Spot – Part 2 »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… In our last newsletter, we discussed some of the problems that can arise from joint ownership of cabin or vacation property. Creditor issues, asset protection, management, expense reimbursement, capital improvements and decisions over who uses the property and when, all can prove […]

Planning for the Family Vacation Spot »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… Your family cabin, cottage, or vacation home may be one of your most significant financial assets. It is also likely to be the one with the most enduring memories and emotional ties. The property may have been in your family for decades […]

Pros and Cons of Business Entities »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Advantages and Disadvantages of Sole Proprietorships A sole proprietorship is a business owned by a single individual. There is no formal separation of the business assets and operations apart from the individual. The greatest advantage […]