Family business facts

Article Abstract:

Family owned business account for more than two-thirds of all businesses in the world and the greatest part of America's wealth lies with family-owned businesses. The issue of prime importance concerning the family firm wealth holders is transferring not only their financial wealth, but also values surrounding their wealth such as encouraging their children to earn their own money, philanthropy, charitable giving and volunteering.

Family-owned business enterprises, Family-owned businesses, Family corporations

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The SOLO 401(K)

Article Abstract:

The salient features of the new single-owner business retirement plan, also known as Solo401(K) are presented. The plan helps save taxes while contributing to the retirement benefits.

United States, Employee Loan & Savings Plans, Analysis, Salary reduction savings plans, 401K plans, Business owners

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Pros and cons of small business retirement plans

Article Abstract:

The salient features and the drawbacks of the retirement plans for small businesses - the SEP, SIMPLE and Qualified Plans are examined.

Influence

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