Pinnacle Financial Advisors Financial Planner Bill Kelso broke down five key financial rules for starting a new company in a blog post for Sedona Red Rock News.
Bill notes that starting a small business is a major undertaking, explaining the importance of creating a sound business plan, properly classifying the business, and avoiding unnecessary expenses.
He emphasizes that partnering with a financial planner can help business owners navigate unfamiliar business territory, including tax planning, contingency preparation, and cash flow issues.
Bill authors Pinnacle’s Financial View, a blog on the Sedona Red Rock News website that educates the local community about numerous aspects of financial planning and wealth management, including the benefits of working with a financial planner, how to maximize tax efficiency, and more. Bill guides clients at Pinnacle’s Sedona office, where he specializes in tax and retirement planning and esoteric income portfolio strategies.