Raymond James Makes Its Social Media Move
By: Davis D. Janowski, Investment News
It’s inevitable. The legal barriers to business use of social media are evolving and companies are finding new tools to help them jump compliance hurdles.
“The firm is using the Socialite platform from Actiance Inc. so that its financial advisers can use social media to prospect for new clients and connect with existing clients while still being compliant with Finra rules.”
Is Your Small Business at Risk of Employee Theft?
By: Rieva Lesonsky, Network Solutions
We all want to work where we are trusted, but there is nothing wrong with your business having systems in place to be sure trust isn't abused. As President Reagan said: Trust, but verify.
“Worldwide, businesses lose an average of 5 percent of their annual revenue to internal fraud, according to a study by the Association of Certified Fraud Examiners (ACFE) reported in MarketWatch. Nearly one-third (30 percent) of companies affected by embezzlement have under 100 employees. And companies that size lose an average of $150,000 to the crime. Could you afford a loss that big?”
Inside Joe Paterno’s Estate Planning Play
By: Liz Skinner, Investment News
Whatever the true motivation, there are valid estate planning reasons for high net worth individuals, whether business owners or football coaches, to transfer assets. Consult an estate planning attorney to make sure your plan is up-to-date.
“Joe Paterno's transfer of homeownership to his wife in July most likely wasn't an attempt to shield assets before a sexual-abuse scandal hit Pennsylvania State University's football program. Instead, the move was by the legendary coach more likely made to take advantage of expiring estate tax rules, lawyers said.”
5 Reasons Selling Your Business is Like Thanksgiving Dinner
By: Barbara Taylor, The New York Times
The analogy is a bit of a turkey, but there's enough here to make it worth a quick read. Missing is the concept of tradition. Parties, buyers especially, want the deal done a certain way because they've always done them that way. They, like your great aunt's insistence on canned cranberries, can get over that and try something fresh.
“Thanksgiving dinner without the pumpkin pie would be a major letdown. Building a successful business that has no transferable value seems equally disappointing. Selling your business and cashing out after years of hard work is the ultimate reward. Prepare yourself and your business well for the day you will leave, and when you do, you will savor a slice of success that many business owners never enjoy.”
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