Newsletter Creative Solutions to Guide Your Business

New Tools Make College Planning Easier Planning for college is quite often a very stressful process. First, you determine which educational institution your student will attend and deal with the process of gaining admittance.   One-person 401(k) Plans for the Small Business Owner One-person 401(k) plans are becoming increasingly popular for businesses that employ only the owner. Given the right circumstances, such plans can allow a large amount to be contributed on behalf of the owner while maintaining flexibility in making contributions in future years.   Converting a Sole Proprietorship to an LLC As sole proprietors, business owners enjoy the advantage of simplified income tax reporting. However, sole proprietorship status can expose a business owner's personal assets to the risks and liabilities of their business operation.