We discuss the basics of taxable entities including sole proprietorships, corporations (C and S), partnerships and limited liability entities. We cover the manner in which the taxation of these various types of entities affect the owners and the non tax considerations that may play a role in the decision on which type of entity to choose when setting up a new business. This is a must listen for new businesses.
It is easy to understand why most families would want to keep a vacation property in the family for the use of future generations after years of wonderful memories. It is harder to understand the potential problems that might arise when the founding generation is no longer able to take care of the property. We discuss many of the problems that might come up for succeeding generations including maintenance issues, payment of bills and real estate taxes, scheduling issues, ownership of the property and estate planning options. There are some great suggestions here for dealing with these issues and more in order to have the opportunity to enjoy the property for some time to come.
Ms Roy reviews the PI with us from a previous podcast and introduces us to a new PI tool called Selling Skills Assessment Tool which helps business owners to quantify the sales and judgment skills of each member of the sales team. This helps to provide an objective view of sales strengths, skills and areas that warrant improvement. She then explains how to use customer focused selling to deliver the training your team needs to perform at the highest level.