Usually, owners of pass-through entities pay federal and state income taxes on the net income “passed through” to them on their personal tax returns. The business entity itself does not pay income taxes. Recognizing that combined state and local income taxes plus property taxes generally exceed $10,000 for many business owners, some states have developed a system where the business entity itself is taxed at the state level.

It’s difficult to make investment decisions around events. It’s easy to get emotional when there is something coming on a known timeline, especially in a world consumed by the media that is always hunting for eyeballs. It’s significantly easier to worry, and whip up media-induced panic, about something that could happen on a specific date. It makes for endless punditry building towards an inevitable climax.

Every household has division of labor, and when it comes to money, oftentimes one person is handling the monthly bills and another person is managing the long-term investment portfolio. In essence, one person is looking through a microscope, the other through a telescope—you and your partner may be seeing a very different picture. Maybe you don’t think you have time to see the other view.

As a successful professional selling or exiting your business, selecting the most appropriate strategy for you is critical for achieving not just your potential for wealth, but your potential for living.   1. Strategic (Industry) Buyer  Strategic buyers often pay the highest price, however, may restructure the acquired company.   2.

A few months ago, I welcomed my first puppy, Banjo, into my home and let me tell you – he’s an adorable handful! Like most new pet parents, I was excited to embark on this adventure. I also had a lot of questions: Is my puppy healthy? What are the best ways to protect him from risks? And is his incessant night yowling really considered normal? (Unfortunately for me and my neighbors, the answer to the last question was a resounding yes.

There are endless combinations of investment strategies and products when it comes to building an asset allocation. The obvious questions are always: how to select the best strategies/products, and how to manage them. I want to focus on the “how to manage them” part. Many people prefer to simply invest their savings in low cost, passive exchange-traded funds (ETFs), or mutual funds; parking them there as broad diversification to the equity markets.

The game 501 (sometimes also played as 301) is simple. You throw three darts per round and your score starts at 501. Each dart you throw reduces your score by the amount you hit. If you had 486 points to start the round, and your three darts total 26 points, you’ll begin the next round with 460 points. The goal is to get all the way down to exactly 0 as quickly as possible. Now that you know the rules you can start playing the game.

*The following article was contributed by Kevin DeSanto, Managing Director and Co-founder at KippsDeSanto. Launching your own business is one of the most monumental decisions you’ll make in your life. During those years building up the business, negotiating deals, hiring staff, and investing in your growth, you’ve made countless more monumental decisions – sometimes ones that will make or break the company’s success.