Two investors on the coast, call them Lynn & Fred (not their real names), with whom I have done a good bit of business, found out a particular lot close to the beach was to be sold by a group of absentee owners who just wanted to get out of their deal together. Probably some sour grapes between the partners. I see this situation a lot. Personal situations and objectives do change with time. You should always have a good buy-sell agreement in place.

At the LLC & Corporation Combo Class in October, I discussed the use of the corporation in providing deductible health insurance and HSA (Health Savings Account). Dennis Stone, an attendee who has a company that does education for insurance agents and brokers, recommended a book to me that covered these areas for the small businessperson.

The book is very enlightening! This book should be read by everyone. It explains how health insurance works behind the scenes. Why group coverage today is twice as expensive as individual coverage. Of course, HSAs are covered in detail as well as HRAs (health reimbursement arrangements) for small businesses.