Sun02072016

Business & Real Estate

Five ways to extract the equity in your business

If you own a small business, chances are you expect to use the equity you’ve accumulated over the years to fund all or part of your retirement. The challenge is to structure the transfer in a manner that provides sufficient retirement income while minimizing both income and estate/gift taxes.

With these potentially conflicting goals in mind, following are a few approaches you might consider.

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Business Noteworthy

Wemyss attends conference for top advisers

Edward Jones financial adviser Cynthia Wemyss of Los Altos attended Barron’s Top Women Advisors Summit in Palm Beach, Fla., Dec. 2-4 for the third consecutive year.

The conference, convened to enhance the professional development of those who work with individual investors, convenes the nation’s top women financial advisers and industry decision-makers.

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Los Altos, MV realtors present donation to CSA

More than 100 realtors from the Silicon Valley Association of Realtors Los Altos/Mountain View District attended a holiday breakfast at Los Altos Golf & Country Club Dec. 11, honoring the district council and celebrating the recipient of a holiday gift.

The local realtor district endeavors to support the community throughout the year with fundraising events, service projects and scholarships. This month, the district presented a donation of $1,255 through member donations to Community Services Agency.

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New website aims to draw budding artists


Megan V. Winslow/Town Crier
Los Altos resident Phil Shemanski recently launched Beginner’s School, an online art program for novices that teaches drawing, painting and sculpting.

Los Altos resident Phil Shemanski has created a website for budding artists and starving ones.

Shemanski last month launched Beginner’s School (beginners- school.com), an online art school for novices that teaches drawing, painting and sculpting. It’s free for individuals and $1 per person for organizations with 50 or more people.

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Santa's rally fails to materialize

 

What happened to Santa’s rally?

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Transactions

Los Altos

435 Casita Way, Hoogs Trust to P. Gupta for $2,350,000

2014 Churton Avenue, Vinnicombe Trust to D. Silver for $3,000,000

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German traditions inspire Christmas decor


Alicia Castro/Town Crier
Los Altos Hills resident Silke Kluss co-owns Xmas Deluxe, a German-based company that produces traditional holiday decor with a streamlined, modern aesthetic.

One Los Altos Hills resident’s Christmas decor company is on a mission to clear the clutter and celebrate tradition.

High-end, bright decorations with just the right amount of rule breaking is what Silke Kluss’ online shop, Xmas Deluxe, is all about.

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