Personal Financial Statement Template

Use this template to create your personal financial statement. Read more


Building and Maintaining a Strong Personal Credit Score

Your personal credit score is very important for most small business owners looking for a small business loan. Read more


Starting a Business? Shore Up Your Personal Finances First

Your personal finance management could impact your business credit reputation more than you might expect. Read more


An ESOP is not a Fable

December 3, 2016

An ESOP is also not an Employee Stock Option Plan. It is a defined contribution retirement plan established under section 401(a) rather than 401(k) and has two major differences. It must invest primarily in stock of the sponsoring company, and can borrow money to do so. The name is very misleading since the employees never own any of the company stock.


ESOP Surprises

December 3, 2016

Business owners spend their life growing the family business, but their wealth is locked up in their business and the owner isn’t able to enjoy the fruits of his labor. An ESOP will allow him to sell part or all of the company, providing liquidity and diversification of his wealth while still remaining in control of the company.