WITH ECONOMISTS and forecasters predicting a near-term recession in the U.S., business owners may be asking if now is the right time to plan their exit strategy? Similar to other questions we hear from clients, including “How early is too early to plan for retirement” or “When is the ideal time to plan for business […] Continue Reading →
MANY BUSINESS OWNERS envision one day transitioning ownership of their company to an “outside” buyer. It could be a “financial” buyer (think, private equity group) or a “strategic” buyer (think, acquirer in the same industry or business). Regardless of the description, potential buyers look to reduce risk associated with their investment in your company. The […] Continue Reading →
A BUY-SELL AGREEMENT?should exist in every private company with multiple owners, including family businesses. In fact, many professional advisers argue that it’s likely the single most important legal document an owner will sign. Basically, it establishes the “exit rules” when a co-owner chooses — or is forced — to leave the business. It is a […] Continue Reading →
THE TAX CUTS AND JOBS ACT represents a sweeping overhaul of individual, business and international taxes. And while it has broad impact in every corner of the U.S. economy and everyone in it, the new law impacts business owners more than anybody. Signed into law by President Trump on December 22, 2017, the new law […] Continue Reading →
Baby boomer business owners are transitioning ownership of their companies in record numbers over the next five to 10 years. And statistics state that 75 percent of them who sold their companies reported having post-exit remorse. One reason may be that, given the choice, many owners would prefer to hand the baton off to their […] Continue Reading →
