If you have not already voted please head over the the voting page and cast your vote for your favorite small business, to represent the Mahoning Valley. Businesses were nominated last month by our clients and fans, and voting will be open until the end of January.

Check out the current results and help out your favorite business by sharing the voting page or this email.

• Aebischer’s Jewelry Inc. 2
• Bake Me Treats 1
• BodyGoodies 1
• Branch Street Coffee Roasters 5
• Coccas Pizza Poland 2
• Coffee Shop at Ridgewood 2
• Ed Miller Signs 4
• Ghossain’s Bakery 0
• Ivory & Birch 0
• Just Pizzelles 66
• Komara Jewelers 0
• Maid in the steel valley 7
• McMurray Electric LLC 2
• Roots Salon & Wellness Spa 0
• Scarsella’s Italian Restaurant 0
• Spruce Home Decor 29
• Stone Fruit Coffee Co 3
• Sweet Arrangements Florist 0
• Sweets by Christine 0
• The Cafe at Wittenauer’s 9

The post Voting Now Open for Small Business 2020 Award first appeared on Moliterno Insurance & Financial Services.

The post Voting Now Open for Small Business 2020 Award appeared first on Moliterno Insurance & Financial Services.

2020 is right around the corner, and we already have so many amazing things underway for next year.

If you have not already nominated a small business for our 2020 Small Business of the year, follow this link to nominate your favorite local business before it’s too late!

Here is to a new year, and a new decade with your support!

Thanks,

David Moliterno – FSCP

The post New Year 2020 first appeared on Moliterno Insurance & Financial Services.

The post New Year 2020 appeared first on Moliterno Insurance & Financial Services.

In part of our ongoing series to help promote small businesses, and the positive impact they have on the local community, we also want to highlight some of the pitfalls that can come there way.

Imagine that tomorrow you went to visit your favorite local business only to find out that they closed down because the owner had retired, died or become disabled yesterday. Many businesses close for one of theses reasons, not because they want to, but because they failed to plan for one of theses events.

Some of the questions the business owner can ask themselves, would you want your business interest:

• Retained for a family member
• Sold to another owner
• Liquidated

Depending on the desired outcome these are some of the issues to consider.

Retain the Business Interest for Your Family

• Is there a capable and willing family member?
• Will the family member be acceptable to any other business owners?
• How will you or your surviving dependents replace the income previously provided by your business?
• Is there a need to equalize inheritances among family members?
• Will there be enough liquidity in your estate to pay taxes and other settlement costs?

Sell the Business Interest

• To whom will your business interest be sold?
• At what price?
• And at what events (death, disability and/or retirement)?
• What is the value of your business interest?
• Will the funds be available to complete the purchase at your death, disability and/or retirement?

Liquidate the Business Interest

• What is the value of your business as a going concern?
• How does that value compare to the liquidation value of your business?
• How will you or your surviving dependents replace the income previously provided by your business?
• Will there be sufficient funds available to allow for a planned liquidation?

The objective of business continuation planning is to assist you in evaluating which of these alternatives is most suitable for your situation and to help provide the funds that will be needed to assure that your business continuation goals become a reality.

If you know a small business, or own a small business that could use help navigating some of these questions please reach out and schedule an appointment with one of our professional agents.

The post BUSINESS CONTINUATION Pitfalls and Planning first appeared on Moliterno Insurance & Financial Services.

The post BUSINESS CONTINUATION Pitfalls and Planning appeared first on Moliterno Insurance & Financial Services.

Small Business Saturday Is right around the corner and we are excited to bring back our Small Business award for 2021!

Last years award winner was Roots Salon, We are looking forward to awarding the 2021 business of the year!

We will take nominations for our 2021 Small Business Award. Nominations can be made here from now till the end of 2020. Everyone that makes a nomination will be entered into a random drawing for a $50 gift card. Public voting will begin in January.

Current Nominations include:

Help us by recognizing the hard work and dedication on one of your favorite small businesses.

Small Businesses:

• Employee local workers
• Contribute to the local economy
• Owned by friends and neighbors
• Keep a pulse on the local community

The post Small Business Nominations first appeared on Moliterno Insurance & Financial Services.

The post Small Business Nominations appeared first on Moliterno Insurance & Financial Services.