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Reduce Fiduciary Risk with an Effective Investment Policy
Human-resource officers and managers are often asked to chair or sit on a retirement-plan committee responsible for administrative tasks. In this role, a committee member takes on fiduciary responsibilities to plan participants and beneficiaries, and can be held personally liable for fiduciary breaches under federal law. As legal counsel, we endeavor to manage this risk […]
Why Your Partnership Needs a Formal Agreement
If you are in business with a partner or partners, you need a formal agreement for the following reasons: Your business may already be a partnershipUnlike other types of business entities, such as a corporation or a limited-liability company, a partnership can be formed without any written agreement or filing with the government. New York
Four Tips to Execute your 2016 Marketing Plan
Executing a marketing plan is like keeping a New Year’s resolution. It always starts off with a bang and a determination like nothing could ever knock you off track. But, let’s be realistic. According to the Journal of Clinical Psychology, only 64 percent of Americans will make it past one month of their New Year’s
New Year’s Resolution: Business Goals for a Better Year
We all have made them. We all have broken them. New Year’s resolutions are a change in behavior, a new beginning, or a healthy lifestyle. You name it, most people have resolved to make changes over the years, but what makes people actually stick with their resolutions? Change is often difficult or challenging for
Okay, the headline got your attention, but sadly, there is no “marketing magic.” While there is not a secret solution that does the trick, a few strategies will grow your business and brand if you practice them. If you put these tools in your toolbox, you will experience positive changes and measurable growth. Copy this, post
“A year from now, you will wish you had started today.” ~ Karen Lamb Several of my columns in 2015 focused on a continued emphasis on revolutionary federal and state health-care reform initiatives. In these columns, you have read about the objectives related to continued reforms of the state Medicaid and federal Medicare programs.
Critical Business Lessons for Women in Accounting
Mentoring future leaders Mentoring the next generation of female accounting-firm leaders is imperative in my role at The Bonadio Group. Growing the talents of our workforce not only impacts the success of our firm, but also improves the viability of the accounting industry. Since my start more than 15 years ago, I have made it
You probably have heard the phrase: “Under-promise, over-deliver,” but not many people really think it through. It actually can be a good strategy, if you can stick to it, without withholding information simply for the sake of “under-promising.” When we are on the right business path, we prepare ourselves to work our hardest but
Nobody believes us: Why Are We Still Telling Customers What to Do?
Even though we know that “telling isn’t selling,” we can’t stop doing it. It’s become “second nature” to tell customers what to think, believe, and buy. In a sense it is, since most of us were raised to “respect authority,” whether it was the police, teachers, clergy, bosses, doctors, accountants, politicians, reporters, bankers, business
Where is Upstate’s Share of State Infrastructure Dollars?
One of the biggest legislative challenges in Albany is to make sure we have parity in state spending between upstate and downstate New York. This is particularly challenging for transportation spending. Downstate New York relies on mass transit for its transportation needs, while in Upstate, we are much more dependent on our cars. Accordingly, the
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