Articles

Start-Up Accounting Methods (Hiring Employees)

By: Jeremy D. Stahl, CPA

There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly.  Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle.  This blog will address the third option: hiring employees approach.

Start-Up Accounting Methods (Outsourcing)

By: Jeremy D. Stahl, CPA

There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly.  Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle.  This blog will address the second option: outsourcing to CFO/Accounting firm approach.

Start-Up Accounting Methods (DIY)

By: Jeremy D. Stahl, CPA

There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly.  Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle.  

What is a Private Family Foundation, and Why Set It Up?

By: Jeremy D. Stahl, CPA

A family foundation has an initial board of directors which typically includes the family patriarch and/or matriarch.  Subsequent or additional board members usually consist of family members or close personal advisors that are familiar with the Founders’ goals and aspirations for the Foundation.  When established, a private family foundation is funded with cash, appreciated securities, or other assets.  

FAMILY OFFICE – WHAT IS IT?

By: Jeremy D. Stahl. CPA

Traditionally and historically the family office was organized to manage and administer the affairs and fortunes of a single wealthy family.  The focus was on managing and coordinating  investments, trusts, legal affairs, accounting, taxes, insurance, real estate,  foundations, philanthropic endeavors, wealth transfer to future generations and much more.

Insurance Planning for Physicians

By: Jeremy D. Stahl, CPA

Physicians have specific insurance needs to address in their personal and professional lives.  It is important that you review all of your personal and professional insurance needs together.  By reviewing all of these needs together you can help bridge any gaps in coverage, have a full understanding of all of your insurance needs and can make the most educated decisions about the risks you are exposed to.

When Is the Right Time for an Artist to Hire a Business Manager?

By: Jeremy D. Stahl, CPA

I think these two questions should go hand in hand as the answer to the second question will help answer the first question.   The right time to set up a Loan-Out company is when the entertainer is earning in the range of $100,000 to $200,000 annually. 

The Importance of a (Family) Wealth Plan

By: Jeremy D. Stahl, CPA

The motivation to initiate this process are manifold and are usually the result of a particular life occurrence or realization, retirement, sale of a business, taxes, divorce, marriage,  birth of a child, concentrated wealth issues, illness and incapacitation, family conflict,  legacy and multigenerational concerns, establishment of a new business or financial windfall,  etc. 

Entertainment Executives – The “Hot Seat”

By: Jeremy Stahl

Entertainment executives have long lived on the hot seat, as their position to decide what movies or televisions shows get seen generates a high level of criticism from both the creative and the financial communities.  Being able to get both creative and financial acclaim is a difficult proposition and everyone loves to blame someone for the downfall of a high profile movie or television series.

Why Hire an Investment Manager?

By: Jeremy D. Stahl, CPA

The reasons to have a competent investment advisor on your team are almost as many as there are types of investors.  However, in many individual and family situations it really boils down to simply the common sense need for discipline, guidance and a second opinion.  The investment environment can be a highly charged emotional landscape to operate in, filled with many, many choices, temptations, opinions, numbers, hot tips, etc. 

Family Office Formation Considerations

By: Jeremy D. Stahl, CPA

Earlier in the year I described what a family office is, namely an organization created for the purpose of supporting the financial needs of a specific family.  Over the last months we have spoken with several wealthy families who have asked us if it would be more appropriate for them to form their own office or to rather become part of an existing family office that already has an established infrastructure to operate and administer family activities.

When to engage a Business Manager when getting divorced

By: Jeremy D. Stahl, CPA

A divorce is not only complicated in separating two intertwined personal lives, but the financial separation can be just as complicated if not more so.  Most married couples engage the same business manager to assist with taxes, financial planning and overall financial needs during their marriage.  This makes sense while their lives are joined together in marriage, but it makes less sense to continue that arrangement once the marriage is in the process of ending.

Songwriters and the Importance of Performing Rights Organizations

By: Ben Edmonds

If you are a songwriter and are not yet affiliated with a Performing Rights Organization (PRO), it might be time to consider signing up.   PROs, such as ASCAP and BMI, collect royalties on behalf of publishers and songwriters for the public performance of their music through a wide variety of sources.  These sources include the performance of music on television, radio, live music venues, clubs, new media, restaurants and retail outlets, and just about anywhere else that you hear music being played in public.