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It is almost an essential truth of being a small business owner: there is no such thing as guaranteed, year-round cash flow. You may have some quite good months that are then followed by some not so great months. And as a solo entrepreneur, those short-term cash flow problems can really add up negatively. Of course, there are always things you can do to help fix those short-term cash flow woes.

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When most people think of estate planning, they think of their own personal estate. But proper estate planning for a business will help protect the very thing you’ve worked so hard to build. Without a proper plan in place, your business can go from thriving to bankrupt in the event of your demise.

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