B.A. Schrock Financial Group

Navigating the Financial Landscape: Assessing the Strength of Your Small Business’s Finances

Running a small business successfully requires more than just a great idea and hard work; it demands astute financial management. To ensure long-term success and sustainability, small business owners need to have a thorough understanding of their company’s financial health. One powerful tool for achieving this understanding is the small business financial assessment. By routinely […]

Ep 110: Estate Planning, Business Ownership And Beyond with Joel Cavanaugh (Part 2)

We are back with Joel Cavanaugh, partner at Hanna Rasnick Evanchan Palmisano Hobson & Fox LLC, for this episode. Joel handles a wide array of cases in estate planning and has a wealth of knowledge to share with us today. In part one of this two-part episode, we got to know more about Joel and talked about the ins and outs of running a business. In part two, Joel will answer your estate planning questions.

Your Business Succession Plan Checklist

Your Business Succession Plan Checklist BA Schrock

For many years, you’ve been the captain of your ship. Running your own business hasn’t been easy, and success was never guaranteed. Now that you’re getting closer to retirement, you’ll have to make some big decisions. In order for your business to outlive you, you’ll need to map out a path forward. This means setting […]

Succession Planning for Business Owners

For many years, you’ve been the captain of your ship. Running your own business hasn’t been easy and success was never guaranteed. Retirement planning is the next uncharted water for you, and there’s no one-size-fits-all map. Ultimately, when you own your own business, you must create your unique retirement strategy. This means setting up a succession plan […]

Where Will Your Retirement Income Come From?

Once you’ve sold your business, you’ll need to make a lump sum of savings last for the rest of your life. This can be difficult, even for those who already have a substantial amount saved. Retirement can last for decades, and the risk of running out of money is very real, especially if we see high inflation and […]

Taxes and Estate Planning

If you’re a business owner and know you eventually want to retire, make sure you understand how passing down or selling your business works. Business sales are increasing as more Baby Boomers retire and the potential for changes to the tax code may be partially driving the trend. As a business owner, it’s important to […]

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