BizOwnFIT Archives - Atlanta Financial Associates, LLC

Millionaire & Former Zappos CEO Died in November Without a Will. Here’s Why That Makes Things Extremely Complicated

February 4, 2021

Tony Hsieh, former CEO of Zappos, died at 46 due to smoke inhalation from a house fire over the Thanksgiving holiday. Several months prior, Hsieh retired from his position as CEO of Zappos with an estimated net worth of $840 million.1 Since his death, his family has determined he died intestate, meaning he had no will. In response, his family has filed for access to the former CEO’s accounts and assets.2

A Second (Smaller) Stimulus Bill Has Been Passed: Here’s an Overview of the $600 Billion Package

February 4, 2021

Late into the day on December 21, Congress finally passed a much anticipated (and arguably long-overdue) second stimulus package. Signed by President Trump on December 27, the new stimulus package has already begun affecting Americans as we rang in the new year. Spreading $600 billion (notably much less than last March’s $2 trillion deal) amongst businesses, hospitals, families and individuals, this economic stimulus package is designed to bring relief to those experiencing the financial hardships caused by the continuation of the COVID-19 pandemic. Below are some highlights of the bill’s coronavirus-related relief efforts that could affect you, your family and your business in the near future.

Giving Season Has Arrived! Here’s 5 Ways to Maximize Your Year-End Giving Strategy

December 8, 2020

Before you know it, the hustle and bustle of the holiday season will be upon us. In order to minimize stress and maximize your gifting abilities, it’s important to keep in mind a few details that you may or may not be aware of when it comes to charitable gifting.

5 Steps You Can Take to Build a Great Estate Plan

December 2, 2020

When I begin working with a new client it is not uncommon to learn that they have an outdated estate plan. Some people think not much has changed since they last did their plan, while others have different reasons as to why they have not updated their plan. And some tell me they think that estate planning is only for the super-wealthy.

Selling a Business? Watch Out for These Four Big Mistakes

August 7, 2020

Successful entrepreneurs spend much of their lives building valuable companies, and ultimately, many of them end up selling those businesses. It is very common for the business to be the most valuable asset a business owner has. When selling the business, it is likely that the company will attract a higher valuation if the business owner has made the business ready for sale and is also prepared for the sales process. However, if business owners make big mistakes when selling, or their business is not ready for sale, they risk not receiving the amount of money for their business that they probably deserve, given their efforts over years and decades. If you are a business owner, we know which outcome you probably prefer, and with that in mind, here are four types of mistakes that can lower the value of your business or possibly derail a sale— along with advice on how to avoid them.1

US Chamber of Commerce COVID-19 Small Business Guide

April 8, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

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