When financing a small business, practicing the art of silence when dealing with bankers is important.
When financing a small business, it's bad planning to do something just because it's tax deductible
Tell your accountant before you spend money on major purchases
Tips for financing a small business include: understand that there's going to be paperwork and hoops to jump through.
True scenario that happened a couple of years ago: A client asked the following: I have $20,000 in a retirement account with a former employer. My husband wants to start a new business. We were thinking that he could hire me as an employee, and then form a retirement plan under the business. I would transfer [...]