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Women to Watch: Crestone Capital

Women in Colorado are making an impact in every industry, enterprise and workplace role imaginable. They are CEOs, startup founders, strategists and irreplaceable employees who not only are instrumental in their own organization’s success; through their daily actions and achievements, they set a precedent of possibilities for the next generation of women in business to build upon. Every woman in business has her own story, and we present a few of them in this special advertising section with profiles specifically designed to show the person — the face, if you will — behind the business or organization that she has helped build or nurture.

Woman to Watch: Crestone Capital

Ronda Vitrano is Crestone’s champion of identifying, developing, and retaining top talent for the firm. For over a decade, she has expertly led Crestone’s commitment to transparency, accountability, and cultivated relationships. As a nationally ranked wealth management firm built exclusively for entrepreneurs, business owners and their families, Ronda’s leadership enables the firm to foster talent who are steadfast in their approach of protecting and enhancing clients’ wealth. Ronda is a key driver of people and culture for the 100% employee-owned firm that manages approximately $3.6 billion in assets and is honored as one of Outside magazine’s 50 Best Places to Work in America.

crestonecapital.com
303-442-4447

Understanding Divorce Impacts on a Family Business 

Divorce is often complicated, with many layers of emotions, concerns, and even relief. At its core, divorce deals with the legal and financial split of two individuals. As such, their assets, including any family businesses, must be dealt with before the divorce can be finalized. Unfortunately, having a family business can make a divorce even more complex. Therefore, each spouse should have an understanding of their options when it comes to dealing with the business side of their divorce.  

Is Your Business Marital Property? 

Before deciding what should be done with your business in your divorce, you need to know how the court views your business. In other words, is it marital property? Courts consider a wide range of factors when making such a determination, including: 

  • If the company was started before or after the marriage occurred. 
  • The source of funds used to acquire a business if it was acquired after the marriage. 
  • If the business’s value increased during the marriage – companies that increase in value over the course of the marriage might have marital equity.  
  • The monetary contributions and personal efforts provided to the business by either spouse during the marriage. 
  • The current value of the business and any assets it holds. 

Business Valuation 

The next step is to obtain a business valuation. You need to know what your business is worth before you make an informed decision about what should happen to it in your divorce. Sometimes divorcing couples can agree on the value of their business, but many others won’t. Disagreements over the value of a company are common. Since private firms aren’t publicly traded, assessing their value isn’t easy. You will likely need not only the expertise of an experienced divorce lawyer but also an independent qualified valuation professional, such as a: 

  • Accredited Senior Appraiser (ASA) 
  • Certified Business Appraiser (CBA) 
  • Certified Public Accountant (CPA) with an Accredited in Business Valuation (ABV) designation 

Options for a Business in a Divorce 

The good news for a divorcing couple who own a business is that there are a few options. Each spouse should carefully consider these options and how they will impact them moving forward: 

  • Offsetting the value of the company by other marital property — for instance, one spouse gets the family home, and the other spouse receives the business. 
  • Selling the business entirely so that neither spouse remains an owner. 
  • One spouse buys out the other. This is the most common option. For example, suppose the business was valued at $1 million. In that case, one spouse would pay the other $500,000 and then own the business in its entirety.  
  • Remaining co-owners of the business. While this is the least common option, some amicable couples can successfully still own a business together after dissolving their marriage. 
  • You or your soon-to-be ex-spouse sell your share to an investor. The remaining spouse and investor would then own the business together. 

Why It’s Important to Work with an Experienced Divorce Attorney 

Some divorces are more complex than others and therefore demand the expertise of legal counsel. If you and your spouse own a business and are going through a divorce or are considering one, it’s essential that you work with an experienced divorce attorney. More specifically, you want an attorney with knowledge and personal experience helping spouses navigate the outcome of their business during a divorce. It’s imperative to ensure that your business is correctly valued and appropriately categorized.  With a seasoned attorney on your side, you can make the best decisions knowing you are aware of all potential options. 

 

In practice for 30 years, April D. Jones is the founder and CEO of the Jones Law Firm, PC. Leading a powerhouse team of practitioners that have helped thousands of families and individuals through high-level family law legal services, Jones was recently awarded the Individual Inclusiveness@Work award by The Center for Legal Inclusiveness (CLI).

April Jones 2 1Jones leads the Sam Cary Bar Association in a second term as President (2005 and 2021). She obtained her Bachelor of Arts degree from the University of California at Berkeley, and earned a Juris Doctorate from the University of California, Hastings College of Law. Jones is a member of the California State and Colorado State Bars and is a 2021 recipient of the Denver Business Journal “Outstanding Women in Business Award.”

 

How To Organically Grow Your Company’s Social Media Presence 

Having a solid social media strategy is an integral part of any successful marketing plan. Nearly five billion people worldwide use social media. Further, an estimated 37% of social media users engage with brands and businesses on different platforms at least monthly.  

However, marketing on social media takes a bit of finesse and clever thinking, especially when you don’t have a full marketing team at your disposal.  

You don’t have to blow your budget or hire a specialist to organically grow your company’s social media presence. By understanding your target audience, you’re more likely to turn followers into customers. While there are many “black hat” methods to marketing on social media, you’ll see more consistent results if you chase organic growth.   

With that, let’s look at a few ways you can foster organic growth across your social media platforms and the best practices for implementing these techniques.  

Determine Your Target Demographic

We touched on understanding your target audience, but if you don’t have much social media or marketing experience, how exactly do you do that? If you want to organically find your audience, start with existing research. Look at the ages, genders, and locations of people on social media platforms. Who is checking out your competitors? When do they get the most engagement? If you already have a social media presence, when are you getting the best responses, and from whom?  

It’s also a good idea to think about what your business represents. Do you offer a product or service to a specific age group? If so, think about the platforms they might use, the times they might check their social media accounts, and the names they already trust.  

You might also benefit from working with an influencer (either locally or nationally) to market your product or service to the right audience. You have to choose influencers carefully, however — make sure this person is someone that your target audience already knows and trusts. 

Finally, connect with your community in person. If you’re a local small business, you’ll want as many people from your town or city to follow you on social media as possible. One of the best ways to do that is to build trust in the “real world.” Your small business can get involved in your community by: 

  • Supporting other businesses
  • Hosting charity events
  • Participating in local events
  • Sponsoring organizations or teams
  • Providing tours. 

 When you hone in on your target audience, you’ll start to build more data organically. You’ll then be able to utilize that information to perfect your social media strategy moving forward.  

Stick to Solid Posting Practices 

Once you have a better understanding of your target audience, you can figure out when to post. The great thing about social media is that you can schedule your content to post ahead of time, so you don’t necessarily have to monitor your platforms 24/7.  

However, people tend to use social media at different times throughout the day and week. For example, the best days to post on Facebook are Tuesdays through Fridays, while Sunday is the worst day to post on Instagram. 

When you’re sharing content, no matter what it is, timing is everything. While you can post whenever you want, your goal isn’t just to advertise a piece of content to your followers. It’s to encourage engagement. You can pay for advertising on social media platforms and your content will show up on people’s feeds periodically. However, they’ll know it’s an ad, and they’ll be more likely to gloss over it.  

Instead, research best practices for posting times and utilize your own data to determine when you’re getting the most interaction. As social media continues to compete with traditional advertising, you can use those moments of engagement to “humanize” your business and build stronger connections with your audience, rather than just telling them to buy your product or service.  

Foster Engagement 

Once you know when to post, it’s important to know what to post. The average person sees thousands of advertisements each day, and it’s become easy for people to tune out traditional marketing methods. Most consumers – especially those on social media – want to establish a connection with the brands they utilize. Instead of solely focusing on promotional content, choose to post things that are helpful and informative. Let your audience see “behind the curtain” of your business, especially when it comes to sharing images and videos.

For example, if you’re trying to organically increase your engagement on Instagram, try to implement some of the following strategies: 

  • Engage with your audience by making comments and responses
  • Use hashtags
  • Use location tags
  • Post to Instagram stories 
  • Post when engagement is highest 

Knowing what you should do is only half the battle when it comes to an effective social media strategy. Certain growth methods might seem good up front, but they could end up costing a lot of money or provide very little return on investment. Some of the most common pitfalls to avoid include:  

  • Contests and giveaways that typically only attract temporary followers 
  • Paid promotions for short-lived growth 
  • Inorganic growth by paying for followers 

The number of followers you have on your platform doesn’t really matter. Rather, it’s how engaged those followers are with your business. That’s why organic growth is so effective and important.  

Whether you’ve been on social media for a while and you’re trying to boost your engagement, or you’re new to different platforms and want to grow your presence, keep these tips in mind to do so organically. This will help you foster healthier professional relationships with your fans, followers, and the local community.  

 

 

Noah RueNoah Rue is a journalist and content writer, fascinated with the intersection between global health, personal wellness, and modern technology. When he isn’t searching out his next great writing opportunity, Noah likes to shut off his devices and head to the mountains to disconnect.

Top 5 places for digital nomads to register their company

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It is possible to visualize the rise of digital nomads during the advent of the coronavirus pandemic. This was mainly due to remote working and different travel restrictions.

A move towards the adoption of technology was the key factor in this rise. It made digital nomadism even more flexible and free than ever before.

It is expected that the number of digital nomads is likely to rise to one billion by 2035. When you are deciding which country is best suitable for your business as a digital nomad you will have to assess the alternatives for your kind of business.

Here are some of the better options. 

1. Hong Kong: You can find many digital nomads setting up their businesses in Hong Kong. There are many tax benefits associated with doing business in Hong Kong such as 0% income tax for offshore companies as compared to 16.5% on domestic businesses. Hong Kong has also created a pro-business environment that has few barriers to entry and this makes it simpler to register the business. There are lesser restrictions on foreign companies compared to other countries. 

You will find lower audit costs, no sale tax, and there are no CFC rules you must comply with. It is also possible to use online platforms such as Air Corporate to register your business online in Hong Kong. There is an added advantage of proximity to China because of the Closer Economic Partnership Agreement between the two countries.  

China is another alternative as well. China is a country that has been on the rise for years, and it’s not showing any signs of slowing down. With so many people from around the world wanting to invest in this market due to its growing economy full of opportunity, China will be an obvious choice when expanding your business overseas. China company register services can help you establish your business there.  

2. Singapore: You can find several strong investment and trade opportunities in Singapore because of several benefits associated with registering a business in the country as a digital nomad. Firstly, Singapore offers these businessmen several tax benefits. These are a major source of attraction for the different digital nomads.

You can also find many tax incentives in Singapore for businesses such as a lack of corporate gains tax and startups are not needed to pay taxes for the initial three years of doing business.

You can also get a convenient business incorporation process, a huge market for big investors, a range of banking options, and a stable economy that has a GDP greater than developed countries.

 3. Andorra: There is a new digital nomad law in place in Andorra that provides many investment opportunities, innovation, and sustainability for digital and remote businesses.

Andorra is not only going through a big digital transformation, but it has also offered economic, political, and legal security to foreign businesses. This together with a competitive and internationally approved tax system gives the country a massive advantage over European countries. 

4. Belize: This country is widely recognized as one of the more tax-friendly countries and they also offer asset protection via offshore banking. There are many benefits associates with registering a business as a digital nomad with guaranteed confidentiality and privacy. You can also get international banking and financial stability. You can register a company in the country of Belize within just a couple of days by using a remote corporate bank account.

5. Malta: You can seriously consider registering your business as a digital nomad in the country of Malta. It is an attractive alternative for these businesses because the tax rates are liable to go down to as low as 5% if you can successfully apply for all the grants and utilize the different tax relief programs that are offered.

In addition to that these digital nomads will benefit from the trade agreement with the EU and several banking options. It is also one of the cheaper places for getting a transferable business license for the EU. There are also no exchange controls in place for these companies registered in Malta.

There are a few things you need to keep in mind while setting up a business as digital nomads in these countries. A digital nomad is a person with location-independent work that is normally conducted on the web via telecommunication technologies.

Where you register the business as a digital nomad is significant and it also depends on the kind of business you have. You have to take into account many factors while deciding where you are going to register your business as a digital nomad.