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Archive for November, 2010

Annabel Faith – Congratulations to Jeff and Rachel! 11.23.2010

We at Joner Lindberg Baker are proud to announce the newest member of our firm family. Annabel Faith Lindberg was born Saturday night. Both mom and baby are healthy, and dad is busy taking care of the rest of the Lindberg clan as they get read to bring their newest edition home.

Estate Planning Seminar with Cornerstone Wealth Management 11.17.2010

On Wednesday, November 10th, we presented at an estate planning seminar on the topic of “Estate Planning and Estate Tax Avoidance Strategies.” Hosted by Tait Lane of Cornerstone Wealth Management in Issaquah, our presentation focused on three key topics:

1. The 5 estate planning documents every person should have;
2. The difference between a will and a revocable trust, and criteria for choosing the right one for you; and
3. Planning in the face of uncertainty – estate tax strategies.

Attendees at the seminar raised some fantastic questions regarding estate tax avoidance techniques and how to integrate business succession planning with family estate planning.

One common theme we discussed throughout the night was the value of estate and succession planning as a tool to protect your family and reduce, to the greatest extent possible, the burden on your family in the event you become incapacitated or die.

As a firm, we feel it is our duty to help our clients understand their estate plan, so that they can have confidence they are not leaving any unnecessary burden on their loved ones.
We often find that even individuals we speak with who have an estate plan in place are not sure if it adequately meets their needs. Do you feel confident in your estate plan? If you don’t have an estate plan, what is the major factor keeping you from creating one?

If the roadblock for you in creating an estate plan is uncertainty about the cost, or concerns about the process being long and difficult, contact an attorney in our Battle Ground or Snoqualmie office to set up a free consultation. We will always be up front and honest about the cost of legal work we perform.

Business Valuation Seminar with Piper Group International 11.16.2010

Last Friday we hosted a seminar with Piper Group International for fifteen local business owners. The seminar had three parts: (1) an overview of some simple methods to determine the street value of a business, (2) a pragmatic 50-point checklist for increasing the value of a business over time and (3) easy-to-implement steps to protect the value a business might already have.

During and after the seminar, it was clear to see that some of the business owners in attendance were a bit overwhelmed by the amount of information they received during the two-hour workshop. While the information was practical, the task of implementing some of the concepts ultimately means investing time to work through the processes discussed – to work on the business instead of working in the business. Yet the ability to do that – to carve out time in an already busy schedule to do something that doesn’t immediately generate revenue – is often a key factor that separates businesses that get to the light at the end of the tunnel from those that are always grinding, grinding, grinding to take one more step toward that light

Which leads me to some questions. Why can some business owners truly work on the business while others are forever stuck working in the business? Is it our inherent character? Our organizational skills (or lack thereof)? A matter of priorities? Could it be that many business owners are technicians who focus so much on the technical work that they neglect the business part of the business?

If you are business owner struggling with these questions, seek accountability. Whether you talk with other business owners, family members or work with us in either our Snoqualmie or Battle Ground office, sometimes the best way to overcome the inability to work on the business is to make sure you have proper accountability in your business. You are not in this alone!

Accomplished and Under 40 11.04.2010

Congratulations to Loren for being named one of Vancouver Business Journal’s “Accomplished and Under 40” nominees for 2010. Well deserved, Loren. Keep up the good work!

Bringing the Future Into the Present 11.04.2010

“Planning is bringing the future into the present so that you can do something about it now.” Alan Lakein

Matt, Jeff and I (and our boys) took two days last week to go up to a cabin near Mt. Adams to do our business planning for 2011. Not only did we discuss essential topics like our budget and goals for the year, we also spent some time evaluating our goals from 2010 to measure whether we achieved or modified them. We took notice of our successes and were encouraged to reflect on all the good people we have worked for and with during the past year. We are thankful for the growth of our firm with the addition of our office in Snoqualmie. We are excited about serving a whole new group of clients in the east King County while we continue to serve our clients in Clark County as well.

Our business meeting was also a time to reevaluate our individual strengths so that we can continue to focus on those strengths in ways that will benefit our clients and our community. We are excited to look to a new year, and we say “Thanks” to all of our clients and professional associates who helped make 2010 the best year ever for Joner Lindberg Baker! 2011 looks to be an even better year, and we look forward to being a part of your team as we continue to turn your complex issues into simple solutions.