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From Silicon Valley to Boston and virtually everywhere in between, we’re in a golden age of startup businesses. Some of the industries in which startups have flourished include technology, life sciences and social media, but startups are transforming virtually every sector of the economy. Startup founders are passionate about their businesses and willing to take great risks and fail. Many of these businesses are funded by venture capitalists and angel investors with the ultimate goal of being sold to a larger competitor or going public. So much time and effort is spent growing the business and preparing for a liquidity event at the business level that the founder’s personal planning often takes a back seat. This is unfortunate. While for...
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