Launching a successful business takes more than a promising idea. Entrepreneurs must carefully research, plan, finance and establish their ventures while preparing for the practical demands of business ownership. This article discusses 12 essential steps for turning a business concept into a legally established, properly funded and operational enterprise.

If your objective is to pay the least amount of income taxes, then you need to be aware of common tax mistakes involving deductions, retirement accounts, withholding, charitable contributions and more. Here are seven errors you should watch out for.

Life insurance is important to have, particularly if your family depends on your income. However, if you own a policy at death, its proceeds may be subject to estate tax, depending on the size of your estate. A common estate planning strategy is to include the policy in an irrevocable life insurance trust. This article explains the benefits and possible pitfalls.