Archives
Estate Planning Opportunities in Anticipation of Tax Changes
March 10, 2021
We saw a major swing of power with this past election as President Biden moved into the White House and Democrats gained a technical majority in the Senate. No matter your political beliefs, it is important to study political trends… Read Now >>
Are Estate Tax Laws About to Change?
March 3, 2021
This month on the Illumination Wealth Blog, we want to talk about tax planning. We will be focusing on the changing estate tax laws and the overall estate and gift tax landscape, as well as estate and income tax planning… Read Now >>
7 Main Types of Business Exit Options, Part 2: External Exits
February 24, 2021
Last week, we talked about the first four most common types of business exit options. We featured the “internal exits.” This week, we will focus on the “external exits” that business owners can consider when it is time to sell… Read Now >>
7 Main Types of Business Exit Options, Part 1: Internal Exits
February 17, 2021On the Illumination Wealth Blog, our focus lately has been on exit planning for business owners. Last week, we put together a checklist to help you know if you are truly “ready” to move on. These next two weeks, we… Read Now >>
Business Owner Exit Plan Readiness Checklist
February 10, 2021
Are you truly ready to transition away from your business? This is a critical question every business owner must ask as they develop and execute their exit plan. Cashing out and moving onto retirement or another business venture sounds enticing.… Read Now >>
The Business Owners’ Financial Game Plan for 2021 [Webinar Replay]
February 5, 2021The new year is here, but the economic uncertainty continues. In this webinar, we make sure you’re in the best position to understand and maximize the most recent stimulus, proposed stimulus, and tax law changes impacting business owners. Join our… Read Now >>
Why All Business Owners Should Have an Exit Plan Ready
February 3, 2021
Many business owners are planning to sell their business at some point in the future—or at least their personal ownership stake. That’s when it’s time to retire or move onto the next business venture. Whether you own a small business… Read Now >>
How to Narrow Your Business Value Gap
January 27, 2021
As we discussed last week, calculating your business value gap is an important step to take (and continue retaking periodically) if your ultimate plan is to sell your business. The value gap represents your company’s actual market value compared to… Read Now >>
What is the Business Value Gap?
January 20, 2021
Over the past two weeks, we’ve been talking about what the “wealth gap” is and how it affects business owners who may be looking to sell their business as part of a retirement plan. A big part of calculating the… Read Now >>
How to Calculate Your Wealth Gap
January 13, 2021
Last week, we talked about the wealth gap and how it affects business owners when the time comes to sell or leave their company. It should be a crucial component of your exit plan. However, it needs to be calculated… Read Now >>
