Posts in Business Advising
Is now a good time to sell some of my investment properties?
Is now a good time to sell some of my investment properties?

This is a more complex question than it may seem at first. From a simple perspective, you want to analyze what the true expected future rate of return is on the property including all costs such as maintenance, future upgrades, vacancy, taxes and more. Then compare that true rate of return with the other options you have for the money, accounting for differences in risk.

Also Covered:

  • High Valuations = Lower Expected Future Returns

  • Impact of taxes and transaction costs

  • Your desired life trumps the money

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Investing, Tax Planning, Business AdvisingJoshua Escalante Troesh, CFPReal Estate Investing, rental properties, Small Business, Business Owners
Coronavirus: Help for Small Business Owners & Self Employed whose businesses are impacted
Coronavirus: Help for Small Business Owners & Self Employed whose businesses are impacted

The federal government has created the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Eligible business and individuals can borrow 2.5 x prior average payroll (up to $10 million) with no loan payments due for six months. If you maintain your workforce, the SBA will forgive 8 weeks of payroll plus certain other expenses

ALSO COVERED:

  • Eligibility and amounts available

  • How to get Loan Forgiveness

  • Applying for the loan and an advance

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Business Advising, Life PlanningJoshua Escalante Troesh, CFPYoung Families, Corona Virus, Covid 19, Debt Relief, Small Business, Business Owners, Self Employment, Independent Contractor, Government Aid, CARES Act, Payroll Protection Program
Can a Limited Liability Company (LLC) issue stock?
Can a Limited Liability Company (LLC) issue stock?

It is possible for an LLC to issue something similar to stock, called membership units. Just like stocks, membership units divide up the ownership of the company amongst the owners of the units, allow the owners to vote for the directors of the company, and give them rights to share . . . .

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Business AdvisingJoshua Escalante Troesh, CFPEntrepreneurship, Small Business, Limited Liability Company (LLC), Business Owners, Business Investors
How does one weigh the trade offs between bootstrapping a small business and seeking Venture Capital?
How does one weigh the trade offs between bootstrapping a small business and seeking Venture Capital?

While the concerns over the slower bootstrap method are legitimate and should be considered, I still believe bootstrapping for as long as possible is the way to go for the vast majority of enterprises because of the significant potential downsides of VC and Angel funding. Ultimately the question you want to ask is if it is possible to build your business through bootstrapping considering the concerns you identified. If it is, then I recommend going with bootstrapping as long as you can. Here are potential challenges with getting funding:

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Business AdvisingJoshua Escalante Troesh, CFPStarting Out, Financial Foundation, Business Owners, Career Development, Career Advice, Career Planning, Entrepreneurship, Building Wealth