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Illiquid Assets – Donating and Appraising Promissory Notes, A Tax-Efficient Plan

Illiquid Assets – Donating and Appraising Promissory Notes, A Tax-Efficient Plan

Get a Tax Deduction for Donating a Non-Cash Asset-Promissory Note Donations Illiquid Financial Asset A financial asset that is difficult to sell because of its expense, lack of interested buyers, or some other reason is called “illiquid”. Examples of illiquid assets include: Restricted and private stock, LLC and limited partnership interests, deeds and mortgages, promissory…

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Brand Equity

Brand Equity

Brand equity can be defined in many different ways. I have developed a simple, yet powerful, definition of brand equity. For a brand to be strong it must accomplish two things over time: retain current customers and attract new ones. To the extent a brand does these things well, it grows stronger versus competition, and…

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Knowledge Protection – Don’t Treat Your Company’s Intellectual Property As Renewable Resources

Knowledge Protection – Don’t Treat Your Company’s Intellectual Property As Renewable Resources

An idea, by definition, exists primarily in one’s mind, where it remains somewhat secure, but not terribly useful so long as no one else knows. To produce (commercial) value from that idea it must be expressed, and therein, often lies the starting points for many potential problems and challenges for the originators – developers of…

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Restaurant Financial Management Issues

Restaurant Financial Management Issues

Restaurant owners, while being aware of the financial management of their businesses, are more likely to be involved in troubleshooting the day to day issues that keep things running smoothly. Unfortunately, a financial accountant is a luxury that many small restaurant owners cannot afford. This article will address six main accounting problems that restaurant owners…

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