Tag: small business news

What Happens When You Don’t Fund Your Trust?

After you work with your estate planning attorney to draft a carefully tailored estate plan, it is usually your responsibility to “fund” the trust.

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What does funding the trust mean?

Funding the trust is simply transferring assets into your trust.

If you have a trust, you will want to put your assets into the trust, by retitling bank accounts, re-designating beneficiaries of life insurance, etc. We walk our clients through

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Twitter for Business to Cost $1,000 Monthly for Verified Check-Mark

Elon Musk’s Twitter needs cash — and now the mega-billionaire wants companies and brands to fork over $1,000 monthly to get verified check-marks on his social network.

Twitter is asking organizations to pay $1,000 per month, plus an additional $50 monthly for each affiliated sub-account, to maintain the gold check-mark verification badges the company introduced in December, replacing the blue check-marks for businesses, according to social media consultant Matt Navarra, who tweeted the details Friday (see below). Tech news site The Information confirmed the details, adding that the pricing “is being finalized and could still change.”

Twitter reps

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Soaring rents in Toronto, Vancouver force residents on modest incomes into ‘deplorable’ conditions

With Vancouver and Toronto vacancy rates at 0.9 and 1.7 per cent respectively, and rental prices surging, seniors, students, new immigrants, single parents and people with disabilities — those on modest or fixed incomes — are being priced out of their communities.

Ren Thomas, associate professor of planning at Dalhousie University in Halifax, warns it’s a real loss for our biggest cities.

“You need that diversity – and that’s what makes our big cities great is we have there, you know, different people in different jobs,” said Thomas.

Canada’s national housing agency, the Canada Mortgage and Housing Corporation (CMHC), says

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Is Bing too belligerent? Microsoft looks to tame AI chatbot – Business News

Microsoft’s newly revamped Bing search engine can write recipes and songs and quickly explain just about anything it can find on the internet.

But if you cross its artificially intelligent chatbot, it might also insult your appearance, threaten your reputation or compare you

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Excess household savings may help economy avoid harsher downturns: BMO – Business News

Households have savings

The Canadian Press – | Story: 412057

High household savings in Canada and the US may help both countries avoid a severe downturn as high interest rates ripple through the economy.

Although the pandemic savings have diminished significantly,

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Are You Prepared for Russian Ransomware?

Recently, a health network in Pennsylvania was hacked by a Russian ransomware gang called BlackCat.

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BlackCat attacked a physician practice in Pennsylvania, but did not disrupt healthcare operations.

A ransomware payment was demanded, but refused by the healthcare system.

Sensitive information was accessed and the health system revealed the attack itself.

Is your practice prepared for a potential attack?

Does your staff know how to respond to a demand for

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Prominent Chinese investment bank says its founder is unreachable

Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder, Bao Fan, one of the country’s most high-profile bankers and a top tech-sector dealmaker.

China Renaissance Holdings said in a filing to Hong Kong’s stock exchange Thursday that it had been unable to contact Bao, who has worked on major deals including e-commerce company JD.com’s $2-billion US initial public offering and the public listing of short video Kuaishou platform in Hong Kong.

The company said it was “not aware of any information that

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Chattanoogan Bill Kilbride to remain TVA chairman and other business news

Chattanoogan Bill Kilbride to remain TVA chairman

Chattanoogan Bill Kilbride will remain as chairman of America’s biggest public utility until November unless his replacement is named and confirmed before then.

In the first meeting of a full nine-member TVA board since 2019, Kilbride was elected Thursday to remain as chairman of the Tennessee Valley Authority for the next couple of board meetings, and former TVA Chairman Joe Ritch was elected as chairman-elect to succeed Kilbride at the board’s Nov. 10 meetings.

Before being named by former President Donald Trump to the TVA board in 2019, Kilbride served as the president

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