by Christine | Aug 9, 2013 | Family Business, Retirement, Small Business |
If selling your business is any part of your retirement plan, Mr. Gerber said, it is essential to know what your business is worth. And it is important to start tracking its value long before you plan to sell. As a business owner, your business and your life...
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 15, 2013 | Corporation, Family Business, Minority Shareholder, Small Business |
In family businesses, there are two main ways stock gets diluted: it gets passed on to employees or it’s passed down through the generations. We often see the first situation occur in families when owners give out shares to non-family executives as part...
by Christine | Jun 10, 2013 | ESOP, Estate Planning, Exit Strategy, Family Business, Small Business |
Dawn Huston, 31, started working at Dansko 11 years ago, sorting shoes for delivery. Now a warehouse processor, she said the idea of owning a piece of the company made her nervous at first—though she wasn’t worried about her retirement savings, since the company...
by Christine | May 3, 2013 | Estate Planning, Family Business, Small Business |
Known as employee stock-ownership plans, or ESOPs, the move is being embraced by smaller firms, especially those struggling to find buyers during the weak economy. Businesses are formed in many ways, and we have come to know those varying abbreviations (S-Corp,...
by Christine | Apr 5, 2013 | Family Business, Succession Planning |
The silent party to all the fighting is, of course, Luray Caverns. It is not just a U.S. Natural Landmark. It is also a business, and businesses can suffer when their owners are at war with each other. Family businesses have a tough time passing from generation to...
