For many business owners, their only exit strategy is a sale of the company, either because they have no heirs or they don’t have employees who can take over the business. A business owner getting out of the business is going to want to get as much as possible for the business, which is why it is important to employ business evaluation services to come up with a business valuation that is at the high end of what the market will pay.
There are more than 26 million businesses in the U.S., and the vast majority of those are small businesses. About 21 million of those businesses have no employees at all, and 99.7 percent have fewer than 500 employees. With very tiny businesses, it can be hard to set a value, because much of the intangible part of the business can be tied up with the owner.
Recently, as I was standing in line at the bank, I overheard the employees chattering excitedly regarding the upcoming lottery. Apparently it was going for a lot of money this time and people were hopeful. Everyone was talking about having a secure financial future and how it would be even better if it came so easily. They were all going to go in on some tickets so that in the event that they won, they would split the winnings. However, what happens if they do win? There are a few things that they probably hadn’t thought of in the excitement of the large pool. Payout options are the first thing that they should think about and decide before hand.
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How do you create a secure financial future? Some would say it’s saving up your money bit by bit in a piggy bank, only cracking it open in case of an emergency. Others would say it’s spending your money wisely and avoiding temptation. Yet more would note that it’s difficult to save money without a concrete, long-term plan in place. With annuity settlements and lump sum payment options, a secure financial future can be more than a distant dream — it can be your reality. An annuity involves creating a long-term financial plan to put an active dent in your debt and redirect your funds where you need it most, whether i
Annuities and debt can often be hard concepts to understand and address, but paying off your debt doesn’t have to be a struggle. Understanding the definition and purpose of an annuity and ways to reduce debt are the first steps to becoming financially smarter.
What is an Annuity?
An annuity is a financial product sold by insurance companies that allows you to put aside money, have it increase each year without paying taxes, and then trigger a stream of future payments on a timeline that you may control. Those payments are taxed as ordinary income, but unlike IRAs, there is no income limitation on how much you can place in an annuity.
Who Makes Money on Annuities?
Insurers make money on annuity fees, as well as the management services the
Companies used to be able to turn to accounting firms or other financial institutions to have a business valuation calculated. It only made sense that these number-savvy individuals who spend much of their workday analyzing financial data would be a good resource for a business valuation service. As with most aspects of business, however, specialization has replaced these old financial wizards with specialized business valuation companies. For a business valuation you can trust, it’s always best to consult an expert in the field. The tricky part is: How do you choose among them?
When it comes to selecting a business valuation company, there are a number of things to keep in mind. Cost and experience are, of course, relevant, bu
What to do when you win the lottery? First of all, of course, you should celebrate! Break out the champagne, throw a party, start looking at brochures for a cruise or your dream home. But quite early on, maybe even in the first week or so, you should make a financial plan. It might seem like a lot of money, even more than you think you could ever spend in your lifetime. You’d be surprised at how fast it goes. One of the first things you should also consider is if you should sell your structured settlements.
Plan your financial future
Of course, you’ll fine-tune your plan as you move ahead, and get advice from financial experts. But if you plan ahead and decide how you’re going to use the money –
Commercial real estate is an industry that is undoubtedly booming — a fact that is made even more remarkable by the fact that a few years ago, real estate seemed to have an uncertain future. If you’re wondering about how to buy commercial real estate, or for that matter how to get into the industry in the first place, you’re not alone. Furthermore, you shouldn’t feel as if you have to have a deep history in real estate investing to become involved in the industry. What you will need, however, is a lot of advance research and at the very least an experience mentor to help guide you through the real estate investment field. While there is m
Last year, Snapchat surprised the world by turning down a $3 BILLION buyout from rival social network Facebook. This year, though, that decision might be looking to be a wise one. It?s one of the most popular social networking apps among millennials, ranking at number 3 when the offer was made — today, the app is now more popular among American teens than any other social network, period.
Snapchat has been downloaded about 60 million times, with 30 million monthly active users. About half of those monthly users will use Snapchat daily. In total, Snapchat facilitates about 400 million shared snaps every single day. It is now estimated that Snapchat?s worth is around $10 billion.
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Winning a jackpot lottery, structured settlement annuity, or some other deal that results in an annuity settlement can be a very exciting and rewarding experience, but it also raises an important question: do you want the money in lump sum or annuity?
Deciding between lump sum and annuity can be a difficult decision and is one that ultimately depends on the specific person’s situation. On average, structured settlement payout are about $324,000. That’s a lot of money to be making such an important decision on. If you choose the annuity you’re guaranteed a slow trickle of payments doled out on an annual basi
A structured settlement annuity can be obtained in a variety of different ways. For example, you could be awarded one as the terms for a personal injury or workers compensation settlement, elect to choose your lottery annuity payment that way, or simply invest in one through a third party. Unfortunately, for many different reasons you might be in need of a lump sum versus annuity.
There were approximately 34.8 million individual deferred annuity contracts in place exceeding $2.58 trillion in 2013 alone. Overall, more than 37,000 Americans use some form of structured settlement money every year.
No matter how much yours may be wor