Despite the fact that nationwide statistics show that foreclosure rates are falling, many Connecticut residents are struggling to stay in their homes. In some Connecticut cities, foreclosure rates are actually increasing. Experts opine that Connecticut’s high unemployment rate, a rate that is still at 9 percent, contributes to the state’s high rate of foreclosures. Many Connecticut residents, especially those in
Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does
To run a successful business, you have to be good at what you do. It’s likely that you know your business inside and out. However, if you don’t have a legal background, you might not be sure which form of business entity is best for your type of business. A limited liability company, or LLC, is a business entity that
According to a Federal Reserve study, Americans lost nearly 40 percent of their estates between 2007 and 2010. This includes a median $42,000 loss in the value of American homes, most people’s most valuable asset. High unemployment also negatively affected retirement savings plans and lowered credit scores. The Great Recession impacted families’ lifestyles, retirement plans and – sometimes overlooked –
Despite the fact that nationwide statistics show that foreclosure rates are falling, many Connecticut residents are struggling to stay in their homes. In some Connecticut cities, foreclosure rates are actually increasing. Experts opine that Connecticut’s high unemployment rate, a rate that is still at 9 percent, contributes to the state’s high rate of foreclosures. Many Connecticut residents, especially those in
Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does
To run a successful business, you have to be good at what you do. It’s likely that you know your business inside and out. However, if you don’t have a legal background, you might not be sure which form of business entity is best for your type of business. A limited liability company, or LLC, is a business entity that
According to a Federal Reserve study, Americans lost nearly 40 percent of their estates between 2007 and 2010. This includes a median $42,000 loss in the value of American homes, most people’s most valuable asset. High unemployment also negatively affected retirement savings plans and lowered credit scores. The Great Recession impacted families’ lifestyles, retirement plans and – sometimes overlooked –