Archives: 2007 January

Make sure the financial statements are properly completed. If you are unsure about the financial statements section, it would be a good idea to have them reviewed by an accountant or CPA before formally submitting the plan.
Back up all assumptions with data. Most readers of your business plan will recognize when projections/forecasts are unrealistic or […]

Life insurance. The cash proceeds from an insurance policy on your life are paid to whomever you have designated as beneficiary of the policy in a form filed with the insurance company Ñ no matter who the beneficiaries under your will may be.
Retirement plans. Assets held in retirement plans, such as a 401(k) or an […]