It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for your business in a way […]
Matthew and Malori Khalil have a very busy family. Their four children keep them running and laughing. Matt works in IT and Malori works in healthcare. They wanted to have more control over their financial future and their schedules. Which meant they needed to get their financial life in order. Like many couples, they’d invested […]
Some financial planners focus on keeping your money from you until retirement but at Uncommon Wealth Partners, we focus on helping you leverage your gifts to build wealth you can get your hands on before the magical age of 59.5. Running a business is one of the ways we’ve seen people leverage their gifts to […]
It is one of the most famous quotes from business guru Stephen Covey, “Begin with the end in mind”. It’s one of those enduring 7 habits of successful people. It may sound strange when you are starting a business, but succession planning is a very important aspect of a business plan. And it’s impossible to […]
Whether you are just starting out or you are ready to take your business to the next level, sometimes you need an infusion of capital and at that moment, it might be time to consider a business loan. Banks are not in the habit of just handing you money when you ask nicely for it. […]
Jared and Carisah Lee have two daughters Jovie (6) and Madden (3), and moved to Iowa two years ago because Jared accepted a position as a Worship Leader at Keystone Church. Carisah had been working in Digital Marketing and Social Media Management from home for the past six years for several clients and also started […]
Let’s say you start a business with a partner, just like we did around 8 years ago. When you are organized as an LLC, C Corp or S Corp, you can’t have the partners go around paying for stuff out of their own funds. The waters get muddy real quick. Co-mingling funds can open you […]
What does it take to run a business successfully? That is the question we’re answering in this series of articles on business organization—all the legal and financial nitty-gritty that needs doing beyond the exciting idea you had when you decided to start a business. One of those big nitty-gritty details is managing the financial accounts […]
Since we work with so many business owners who are building their own uncommon life, and since we talk so much about the power of business ownership, we wanted to write a series of articles about business organization—all the seemingly minute legal and financial details that need to be tended to so business can run […]
This article is part of a larger series of articles about how to set up and organize a business both properly and legally. Today, our article is all about the “corporate veil”. Maybe you’ve heard the term before and wondered what that was referring to. The corporate veil is a legal concept that concerns the […]