How financial planning differs for entrepreneurs


  • Once an entrepreneur’s new business venture is up and running, a well-constructed financial plan should be put in place to meet personal goals.
  • An entrepreneur’s financial plan differs in many ways from one for a non-entrepreneur.
  • How entrepreneurs compensate themselves — via wages or profit distributions — impacts what they pay in Social Security and Medicare taxes.
  • Other differences include benefits and exit strategies, risk assessment and how to achieve both business and personal goals.

Micah Porter, owner and president, Minerva Planning Group

Source link

Products You May Like

Articles You May Like

Consumers loosening purse strings for upcoming holiday shopping season
Retailers could ring up more than $1.1 trillion in holiday sales
A 1980s-era inflation climate could strike stocks, Jack Ablin warns
5 criteria to consider when selecting stocks
Oracle earnings Q1 2019

Leave a Reply

Your email address will not be published. Required fields are marked *