Stories from the bank: “Business assumes owners’ personal debts”

A husband and wife team owned a plant nursery and garden store. The store was small, and located in a relatively upscale, established neighborhood. We saw each other from time to time when they came in to make deposits with the tellers. One day, they sat down with me and told me that they had Read More

What Exactly is a PLLC?

What Exactly is a PLLC? A Professional LLC, or PLLC is designed for licensed professions such as accountants, engineers, attorneys, architects, or doctors. LLCs allow for certain tax benefits and limited liability, but if a license is required, an LLC is not allowed. PLLCs allow these licensed but regulated professionals an opportunity to gain the Read More

Stories from the bank:”A warrior starts a business”

“Justin” is a 28 year old entrepreneur who sells nutritional supplements online. After a four-year tour as a U.S. Army infantry officer, he was able to amass approximately $40,000 in personal savings, thanks largely to exclusions on income tax of combat zone pay. He contacted me for assistance with setting up his business banking. He Read More

“Save Your Business” Emergency Planning Series Part 1-Prepare Your Business

Emergency planning…really? You have a business to run and grow, so who has time for planning? Simply put, a small amount of planning in advance will save you in the event of disaster, and can get you back up and running in a very short time. In fact, that can be a powerful competitive advantage, Read More

Now You Really Can Ask the Crowd to Finance Your Startup

Crowdfunding can be a misunderstood term and as a funding option, has not been nearly as widespread or readily available as believed. The concept seemed simple enough; large numbers of people could just fund your startup if they chose to. However, that notion of crowdfunding was not available because the U.S. Securities and Exchange Commission Read More