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How to Avoid Common Cash Flow Management Mistakes

Cash flow is crucial to the survival of your business. Managing money is an essential skill that every entrepreneur must hone as their business grows, but cash flow challenges can arise for a variety of reasons. Cash flow issues can be caused by miscalculations, forced growth, problems collecting payments, inadequate planning for financial challenges, and […]

Written by prositesfinancialAug 17 • 2 minute read

Why Would I Need a Trust?

Basic estate planning typically begins with a will, which outlines important decisions like who will inherit your property and care for minor dependents after you pass away. However, wills are not always the most efficient option to organize your estate, considering the legal proceedings that must happen before any assets are distributed. In some cases, […]

Written by prositesfinancialJun 29 • 2 minute read

What Are the Advantages of Asset Protection?

Asset protection strategies are the measures you take to shield your wealth from potential lawsuits, creditor actions, or unforeseen personal challenges. When executed properly, these strategies are legally sound and can be highly beneficial to anyone with wealth they wish to preserve. Many asset protection strategies involve forming entities to divide assets so that your […]

Written by prositesfinancialJun 22 • 2 minute read

How to Build Generational Wealth

If you look at the world’s wealthiest people, you’ll find that many of them were born into wealthy families. But regardless of your background, you can make smart decisions today to build wealth, grow it, protect it, and pass it down to your loved ones for generations to come. Generational wealth comprises financial assets, such […]

Written by prositesfinancialJan 26 • 2 minute read

How to Keep Good Records for Tax Time

If you fail to keep good records throughout the year, tax time can be a challenge. Therefore, you should closely monitor your revenue, expenses, and potential deductions throughout the calendar year to ensure a complete and accurate tax return. The guidelines and principles below will help you collect essential documentation for your business. Why Is Record Keeping […]

Written by prositesfinancialAug 18 • 2 minute read

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