I’m curious how other small business owners handle their revenue. We have a significant amount (100K+) in a business checking account that gains minimal interest. But should we be keeping it in a high interest savings account or even some of it in a CD account instead? I’m concerned about our ability to keep up with inflation, but also need to keep a certain percentage liquid as well in case of emergency. Any advice?
The family of companies I work with stores 20% of profits in the cash value of specially designed life insurance policies. Grows 5% long term and can function as a personal banking system for your business. We use it to buy our office buildings, launch new businesses, fund buy sell agreements, etc. Powerful tool that banks and fortune 500 companies use but isn’t talked much about in the mainstream