Table of Contents for "Profit Sharing"

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Anthony's Story

A few months ago, I received an unexpected notice – a random ethics compliance audit was scheduled for my firm by our state. The letter, much like the stop sign at the end of my street, was abrupt and impossible to ignore. Suddenly, I was facing the daunting task of proving my firm’s compliance to a third-party auditor, with no assurance of what they might find.

However, I’m thrilled to share with you that after undergoing the ethics audit, I received a report from the auditors confirming that I was in 100% compliance with the standards they were evaluating. It was a gratifying affirmation of the dedication and diligence my firm puts into maintaining the highest ethical standards.

It’s possible your business is facing a crisis. You can visualize a great outcome, but you just don’t know how to make it a reality. You’re afraid of what might happen if you do nothing… but what can you do?

Jay's Story

Jay smiled as he navigated the early morning traffic while talking on the phone with his mom, Mira. She said she took several steps yesterday with her walker, and he understood most of her slowly whispered words. This was good though, because after the stroke, the doctors thought she’d never walk or speak clearly again. He treasured their heartfelt conversations. After his dad died, they had become best friends as they grieved together. She lived alone in her own home for many years thereafter, but those days were over according to her doctors. She couldn’t live in his house because all the bedrooms were on the second floor. There was an excellent assisted-living community just outside the city, but his mom couldn’t afford it. Unfortunately, he didn’t get the chance to tell her his new plan to sell his stock in his software animation company so she’d have all the money she needed.

Suddenly, Jay’s laptop flew from the front seat, smashed into the dashboard, and fell like a rock to the floor of his black Lexus ES.

Trustworthy business advisors keeping your business on TRACK:

Profit Sharing

Table of Contents

Introductory Article

Qualified Profit Sharing Plans

Compliance and Tax Considerations

Design and Performance

Business Objectives

Fund Your Business

Grow Your Business

Protect Your Business

Sell Your Business

Anthony's Story

Jay's Story

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