Business owners live to work, but few write succession plans. — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Affluent business owners enjoy their work so much that 43% want to work until age 70 or beyond. That’s nearly double the percentage of affluent Americans who don’t own a business and want to work past 70, according to a PNC Wealth Management survey. But while the fire still burns for those business owners, only 33% of them have a succession plan in place for their businesses (77% say they have a will).
State and federal regulators are taking a MUCH closer look these days at how you pay employees. Last year alone, the U.S. Department of Labor secured more than $250 million for employees in back pay. State regulators are racking up equally impressive hauls....Click here to find out more.