by Christine | Mar 14, 2014 | Business Sale, ESOP, Estate Plan, Small Business, Succession Planning |
The 1974 ESOP law and later amendments were designed to encourage employee ownership. Company founders who initially sell just part of their stake and stay on as CEO say the best news comes after the deal: employees start to act more like owners. Ideas formerly kept...
by Christine | Jan 20, 2014 | Business Sale, Small Business, Succession Planning |
For business owners that have also established their business as a corporation (not an option for partnerships), an Employee Stock Ownership Plan (or ESOP) may provide a better retirement option. How you go about selling your business is completely up to you. ...
by Christine | Jan 2, 2014 | Estate Planning, Family Business, Small Business, Succession Planning |
To ensure your exit goals are met and your family relationships remain intact, it's important to clarify the family succession process right from the start. When you are a family business owner looking to pass the torch, the business is typically your greatest...
by Christine | Jul 26, 2013 | Estate Planning, Family Business, Small Business, Succession Planning |
At the most recent meeting of the She Owns It business group, the owners discussed succession planning. The topic is of particular interest to Susan Parker, owner of Bari Jay. She and her sister, Erica Rosenfeld inherited Bari Jay from their father, Bruce Cohen, who...
by Christine | Jul 4, 2013 | Estate Planning, Family Planning, Succession Planning |
If you run a family business, you probably already know research indicates family-owned businesses tend to have better long-term financial performance than their counterparts that aren’t run by blood relations. And you’re probably well aware infighting among family...
by Christine | Apr 26, 2013 | Estate Planning, Exit Strategy, Small Business, Succession Planning |
There are myriad ways to begin the exit process from your business without giving up management control. [Here] are some ideas to structure for an eventual departure, without having to hand over the keys to the business right now. Business succession planning...
