Many people think trusts are only for the rich, but that's not necessarily the case. Most estates must go through the probate process, which can be costly and time-consuming. And with tax changes scheduled to take effect in 2013, even modest estates could be subject to federal estate taxes. Certain types of properly executed trusts may help avoid both of these potential liabilities.
Trusts can also be used for other purposes, such as to provide for a dependent with special needs, to maintain control of a legacy for your heirs, or to make a substantial contribution to your favorite charitable organization.
Entertainment is a business that can be lucrative, if done correctly, and Memphis has had its share of successes.
Entertainment covers a wide range of business endeavors, including film, television, theatre, music, publishing and multi-media. The supporting cast needed to make a venture successful includes lawyers, accountants, agents, managers, actors, musicians and designers.
NEW YORK – The job market ended 2012 with more growth, as moderate hiring continued at the end of the year.
The economy added 155,000 jobs in December, bringing the total number of jobs added in 2012 to 1.84 million, the Labor Department said Friday. The unemployment rate held steady at 7.8 percent.
We put forth every effort to be On Our Way to Wealthy in 2012 as business owners shared their experiences and expertise.
From government contracting to supplier diversity certification, churches' economic development to young entrepreneurs, crowd funding to bankruptcy, and from mini manufacturing to sports-related businesses, their stories were inspiring and filled with advice to help others avoid their mistakes.
An April 2012 study by the FINRA Investor Education Foundation shows that women with low levels of financial literacy are more likely to engage in costly credit card behaviors than men with low financial literacy. Interestingly, there was no disparity in credit card behavior between men and women with high levels of financial literacy.
Does your financial intelligence need a boost? Below are some tips to help change costly behavior patterns and, hopefully, close the gender gap in credit card debt.
The Legacy Consignment Shoppe – run by students in The Legacy Project – was a change-agent vehicle designed to help young people further their interests in growth and development.
Stocked by donations from local businesses and individual supporters of the 2Unique Community Salvation Foundation, The Legacy Consignment Shoppe did its business during a four-hour-plus shift at the Hickory Ridge Mall on Dec. 8. Complete with a crowd of shoppers, great food and entertainment, the event had all the appearances of a huge success.
In the world of certification, the Tennessee Minority Supplier Development Council (TMSDC) has found its niche connecting minority businesses with private sector opportunities. With over 3,500 corporate partners, it would be difficult to find another agency with matching partners.
Carlee McCullough, Esq.: Mr. Keith Eakins, thank you for taking the time to share your experiences and knowledge with us. Tell us about yourself and how you became involved in promoting economic opportunities for minorities in business?