J.K.Lasser Pro Advising Entrepreneurs: Dynamic Strategies for Financial Growth Hardcover - 2001 - 1st Edition

First line

Most narrowly defined, a financial advisor is someone who is required to register under the Investment Adviser Act of 1940 because he is paid to give advice about investing in securities.

From the rear cover

Although many people are taking the entrepreneurial route in today's market, very few -understand the inherent responsibilities and intricacies of opening their own businesses. Entrepreneurs who are experts in their fields are still struggling to survive due to the -complexity of legal, tax, and other financial issues that come with starting a new business. This comprehensive guide focuses on the financial issues that matter most to entrepreneurs and their advisors.

This book gives you the knowledge and insight on how best to advise your entrepreneurial clients through every stage of their journey. From the prestart analysis to the initial public offering of a business, the role of financial advisor is clearly defined throughout each chapter. In breaking down the key elements of starting a new business, Advising Entrepreneurs will teach you how to advise your entrepreneurial clients on:

• The easiest and cheapest way to start a business
• How to deal with venture capitalists and locate other sources of financing
• Ways to measure different tax treatments
• Risk management and shielding assets
• Compensation for the entrepreneur and employees

Marc Lane, an active attorney and expert financial planner, analyzes the profits and pitfalls of starting a business. Strategies for receiving start-up capital, protecting assets, lowering taxes, managing capital events, and much more are all outlined in detail. Leam how entrepreneurs can stand apart from their peers by offering specific compensation packages to management and employees. Protect your clients' interests by making sure they remain with their company should they decide to sell it. These topics and many more are all discussed so that you, the financial advisor, may advise entrepreneurial clients on what is best for them and their new business venture.

Financial advisors and entrepreneurs alike will find this volume an indispensable source of reliable and up-to-date information.