Product Description
by Marc J. Lane (Author)
This valuable book helps financial advisors address the needs of their entrepreneurial clients. Most people opening their own businesses are experts in their fields. But when it comes to the vital intricacies of running a successful business, many entrepreneurs find themselves struggling to survive.With more and more people starting their own small businesses, a growing need has developed for expert guidance to help today's entrepreneurs face their new legal, tax, and financial challenges. Advising Entrepreneurs helps financial advisors address the special needs of their entrepreneurial clients. It provides a comprehensive approach to growing wealth, shielding business assets from liabilities, lowering taxes, and much more by promoting prudent risk-taking.
Marc Lane (Chicago, IL) is a business and tax attorney. He is a Master Registered Financial Planner, Registered Financial Consultant, and Certified Investment Specialist. He has authored thirty books, is an Adjunct Professor of Business at the University of Illinois College of Business Administration's Institute for Entrepreneurial Studies, and an Adjunct Professor of Law at Northwestern University.
Front Jacket
Although many people are taking the entrepreneurial route in today's market, very few -understand the inherent responsibilities and intricacies of opening their own businesses. Entrepreneurs who are experts in their fields are still struggling to survive due to the -complexity of legal, tax, and other financial issues that come with starting a new business. This comprehensive guide focuses on the financial issues that matter most to entrepreneurs and their advisors.
This book gives you the knowledge and insight on how best to advise your entrepreneurial clients through every stage of their journey. From the prestart analysis to the initial public offering of a business, the role of financial advisor is clearly defined throughout each chapter. In breaking down the key elements of starting a new business, Advising Entrepreneurs will teach you how to advise your entrepreneurial clients on:
- The easiest and cheapest way to start a business
- How to deal with venture capitalists and locate other sources of financing
- Ways to measure different tax treatments
- Risk management and shielding assets
- Compensation for the entrepreneur and employees
Marc Lane, an active attorney and expert financial planner, analyzes the profits and pitfalls of starting a business. Strategies for receiving start-up capital, protecting assets, lowering taxes, managing capital events, and much more are all outlined in detail. Leam how entrepreneurs can stand apart from their peers by offering specific compensation packages to management and employees. Protect your clients' interests by making sure they remain with their company should they decide to sell it. These topics and many more are all discussed so that you, the financial advisor, may advise entrepreneurial clients on what is best for them and their new business venture.
Financial advisors and entrepreneurs alike will find this volume an indispensable source of reliable and up-to-date information.
Author Biography
MARC J. LANE is a practicing business and tax attorney in Chicago. He is a -Master -Registered Financial Planner, Registered Financial Consultant, and Certified Investment Specialist. He has authored thirty books and is an Adjunct Professor of Business at the -University of Illinois College of Business Administration's Institute for Entrepreneurial Studies and an Adjunct Professor of Law at Northwestern -University Law School.
