One of the biggest challenges of being a business owner is not being aware of what you don't know about incorrect ownership structuring. You most likely came from an employee background and then leaped forward into the new title of business owner. Like Superman, you were assumed to have x-ray vision, super human strength, unlimited endurance, ability to rescue friends, co-workers and strangers in distress with your psychic powers, have the speed of a bullet train completing customer orders all while handling the media with flair . . . and you were looking well groomed, rested, spotless and fabulous at the same time. Over the years I have had the opportunity to see small businesses grow from little more than an idea to being highly valuable assets to own, enabling owners and employees to thrive. I have watched some of these same businesses, once thriving with so much promise, fail miserably. When the doors finally closed, what was left was virtually worthless, or unsaleable. Something in the building process caused them to implode. What was it? You made some mistakes that no one noticed in your ownership structure. Then reality stopped by one day. You found out that you were not psychic about managing a financial threat, seldom talked about until it was too late, looming outside the door. When you did get your valuable education on business ownership mistakes via the school of hard knocks and experience it was too late to change course. You were already committed to the hard way. This is a difficult position to change when you are ill equipped to ask all of the right questions before significant mistakes with lasting impact are already made. Why did you make these mistakes? You didn't know the right questions to ask before you made them. You didn't know the wide implications or the cause and effect of your business ownership choices in advance. This book is designed to open your eyes to the world of possibilities that exists in structuring your business ownership correctly to accomplish your long term goals. Whether you choose to own a business with or without partners, you want the best odds for surviving and thriving when the unexpected day to day financial threats happen to you.
About the Author: Amy Rose Herrick launched Money With Amy in late 2014 to enable her to share her wisdom and expertise acquired in her 30-plus years of experience in the financial services field. She is a Chartered Financial Consultant (ChFC). Beginning in 1991 she expanded her professional expertise and ongoing licensing to include earning the title of Insurance Agent for Life, Disability, Critical Illness, Long Term Care and Air Ambulance coverage's. During the same time she completed a career change from corporate clients to exclusively serving the needs of individual and a small business based clientele. Not satisfied that she had all the planning tools needed to advise clients to the best of her ability in changing economic climates, in the early 90's she took the necessary training and ongoing educational hours necessary to secure her ability as a tax professional too. Her articles have appeared in numerous publications. Amy accepted short term assignments for regular newspaper columns on specific items of public interest now and then in addition to her private practice demands. She was selected to contribute two chapters to books that were collaborative efforts between multiple professionals in 2007 and 2010. In addition to her writing and other business activities, Amy is a dynamic public speaker who is able to engage with her audiences by breaking down complex concepts into manageable ideas that are easily understood using custom designed presentations. Amy's planning expertise extends into situations that encompass corporate, individual and small business financial issues related to cash flow, debt structure, income tax reduction, charitable giving, business succession plans, mental or physical incapacity at any age, Life Insurance Settlements for unwanted policies and overall estate planning. Amy and her family relocated from the Midwest to call the beautiful island of St. Croix their family home in early 2011. Amy continues to serve a wide range of clients on the U.S. mainland coast to coast as well as clients residing in the US Virgin Islands. In her free time she enjoys traveling, photography and she has a flair for art.