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Mistake to Avoid – Not Keeping the Right Tax Information

A common problem faced by many business owners is knowing exactly what type of records must be kept and for how long. The result is often boxes of papers that accumulate and take up space. Here are some general guidelines on what to retain: Keep federal and state tax returns forever. Keep the records that support numbers in […]

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Leasing a Location for Your Business

Choosing and leasing a location for your business can be a critical decision. If your business is dependent on walk-in traffic, such as with a retail business, the importance of location is obvious. Service businesses are usually less location-dependent, but location can play a critical role in creating the right business environment and in determining your ability to attract and […]

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Key Person Life Insurance

Many small businesses are highly dependent on the presence of a key employee or small group of employees for the ongoing operation of the business. It may be an owner, partner, or some other important person. Protecting the business against the untimely death of that person with some type of life insurance policy can be wise. In fact, some lenders […]