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Planning

Set Yourself Up for Success

Right after you choose a company name, you need to choose what type of entity your business should become—i.e., its organizational structure. Think of the entity as the type of boat you are going to sail on the sea of entrepreneurship—you might...

4 Tips for Starting Your Factory Hunt

Victoria Chou has 25+ years of experience importing, exporting, and distributing hosiery throughout North and South America. Here’s how she finds factories. Look at barcodes of products similar to yours. Search the UPC or EAN number online to...

A Cost-Benefit Analysis of Face-to-Face

Attorney Maia T. Spilman launched her own practice in 2001. At first, she loved working from home. But soon, one file cabinet grew to four, her fax machine rang through the night, and anytime friends came over, there were confidential papers to...

Protecting Your Plan

You’ve consulted with your adviser about your portfolio and estate. Now it’s time to talk about an issue you might not have considered: an integrated insurance plan. “Too many people believe that a financial plan is about saving and investing,”...

“Until it’s liquid, it’s not yours”

Clink! MoreWorth’s casual correspondent, Alison Brower, learns why liquidity matters, Over Drinks with Laurie C. Kamhi, SVP, Merrill Lynch Private Banking and Investments. When I walk into a client’s office, I tell them, “I don’t care if your...

Plot Your Course with a Financial Planner

You talk a good game about hiring a financial planner. But do you know what you should discuss—or how often you should meet—with your adviser? “Women tend to think differently about money than men,” says Susan John, chair of the National...

Should You Hire Your Friends?

Justine Lackey made a mistake by hiring a girlfriend. “Working together was the end of our friendship. No sooner had I paid her than she started to miss deadlines and stop returning emails,” says the founder of Good Cents Bookkeeping. Hiring...

Why AMT is Still on the Table

Want to avoid the Alternative Minimum Tax? We don’t blame you.  Alas, we Googled around, interviewed experts, and learned… there ain’t nothin’ you can do about it. The AMT is a “parallel tax” that was created in 1969 to prevent extremely wealthy...

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