It’s well documented that the COVID-19 pandemic caused numerous unkind cuts to small businesses across America, especially those that relied on foot traffic and couldn’t easily segue into online sales.
But for the owners of those businesses, the problems often lie even deeper and are more personal than what’s showing up on the balance sheet. That’s because the financial fate of the business and the financial fate of the business owner are inevitably intertwined, says Marc Scudillo, Managing Officer of EisnerAmper Wealth Management and Corporate Benefits (www.eisneramperwmcb.com).
“You can’t look at a business and ways to increase its value without looking at ...