Owners need to prepare themselves and family for life after business

A financial plan is not just a document, it’s a road map for life after business. However, very few people take the time to figure out how they’re going to spend the 20 to 25 years of life after retirement. First Federal Lakewood’s Anne E. Bingham and FFL Investment Services Brian Hirko offer their thoughts on creating personal financial plans.

Critical considerations to make when forming a business

The right choice of entity protects the owners’ personal property by isolating liability associated with the business operations. Entity choice further affects access to capital, management rights and tax compliance, says McCarthy Lebit’s Jonathan C. Wolnik.