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Advisor

On Business Sales – South Region

12 months ago By The Signatry

Hello! I’m Steve French and I’m President of The Signatry. As a former business owner, one of my chief regrets was that I missed out on the opportunity for greater generosity and lowered tax liability when I sold my business. With The Signatry, I now work with business owners and advisors faced with similar situations, and we work to develop strategies and solutions to minimize tax liability, while maximizing charitable giving. There are challenges through the process, but that’s where The Signatry steps in. When selling a business, the owner or owners will face the highest tax liability they will…

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Family

How to build the 100 year family

12 months ago By Bill High

Steelcase, the office furniture maker based in Michigan turned 100 years old recently.[1] The feat of surviving 100 years in this age of the ebb and flow of business is hard to imagine.  Times change, and businesses must change with those times or they run the risk of being outdated. The fickle nature of the consumer makes it difficult to adapt.  The pace of change is further heightened by the rise of technology.  Navigation is difficult. But Steelcase proclaims that it is not an office furniture maker but rather it is a company of ideas. They state simply: “Companies don’t…

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Family

The 100 Year Family

12 months ago By Bill High

Can a family last 100 years? A few years ago, Inc. Magazine ran an article titled: “How to Build a Company that Will be Around in 2115 (October 2015).  The premise of the article focused on how in the current age most companies are positioned to sell.  Investors are willing to put up big money if they can count on a profitable exit. But the question of exit is often the first one.  The business owner who bucks the trend and wants to grow a company and hold it is outside the norm.  Grow, hold and live off the fruit…

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Ministry

Will Tax Incentives Be Restored?

1 year ago By The Signatry

The new tax reform laws that were passed December 2017 essentially got rid of the tax incentive to give to charity, at least for the majority of middle- and low-income givers. Because of the new tax law, Forbes has estimated that charitable giving this year will decrease by $12 to $19 billion.[1] However, laws are in the works to turn this around. Last fall, Rep. Mark Walker (North Carolina)  and Sen. James Lankford (Oklahoma) introduced a new bill, the Universal Charitable Giving Act, and it is gaining steam. The way the current law stands, only taxpayers who itemize their deductions…

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Family

Lessons for Legacy – The Astors

12 months ago By Bill High

Flowers only last for a season.  Such was the case of the Astor family. John Jacob Astor was born in 1763 in Germany.  He immigrated to New York at the end of the Revolutionary War.  A chance conversation led him into fur trading and the establishment of a fur goods shop in New York. That little shop was the beginning of his empire, which eventually included massive real estate holdings in Manhattan.  They owned so many parcels the Astor family became known as “the landlords of New York.” The next two generations continued the growth of the empire. John’s son, William,…

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Ministry

The Incredible Eulogy of John the Baptist

1 year ago By Bill High

John the Baptist was a different kind of guy.  He was a miracle baby.  His father and mother were past the child-bearing age.  But he was more than an “oops” baby.  He was born to a mission:  he’d be the Elijah, the messenger declaring the way of the Lord.  It’s little wonder that his birth came under impossible circumstances. After his birth, we hear little of John the Baptist until his adult life.  Apparently, he’d made his way to the wilderness, and he attracted attention—not only for his lifestyle but for his message.  He ate locusts (yuck) and honey (well…

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Family

The Stunning Failed Legacy of the Vanderbilts

12 months ago By Bill High

My son goes to school at Lipscomb University in Nashville. But right down the street is a far more famous university—Vanderbilt.  I’ve driven by it.  It’s impressive, and even by reputation the strength of the school seems to emit an aura of its own. Hailing originally from the Netherlands, the Vanderbilt family had farming roots.  Cornelius Vanderbilt was born into a family of modest means on Staten Island, New York.  He left school at the age of 11 and began in the shipping business with a single boat. Against all odds, he established his company in the wake of more…

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Advisor

3 Opportunities and a Challenge with the New Tax Law

1 year ago By Bill High

People continue to sort out implications of the new tax law. What are the opportunities and challenges particularly as it relates to charitable giving? Opportunities 1) The law allows for people to give up to 60 percent of their adjusted gross income.  If you make $100,000, you can give $60,000 and deduct the entire amount.  While many may not see this as an opportunity, it will provide a unique opportunity for major donors who are seeking to increase their giving. 2) The new tax law lowers the corporate tax rate from 38 percent to 21 percent.  That 17 percent drop means…

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Featured

The Signatry Celebrates Eighteen Years

1 year ago By The Signatry

Eighteen years ago, on June 1, 2000, The Signatry officially opened its doors. Before then, we were just a dream. Our Beginnings Two of our founders, Pat Lloyd and Frank Brown, did not know each other, but started searching separately for answers. In 1998, Frank Brown had tax needs and was looking for a community foundation to which he could donate. He started talking with Larry Burkett’s ministry about finding a solution. At the same time, Bill High, Emmitt Mitchell and Emmitt’s late brother Thurman Mitchell were running an inner city ministry in Kansas City. One of their main funders,…

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