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...
by Christine | Mar 25, 2013 | Estate Planning, Exit Strategy, Small Business, Succession Planning |
Most exit plans I’ve dealt with are some combination of these three basic techniques. And, the lines that differentiate them can be fuzzy. Owning and running a business is tough stuff, and at times you feel the weight of the world on your shoulders. But leaving your...
by Christine | Mar 22, 2013 | Business Sale, Buy-Sell Agreement, Estate Planning, Exit Strategy, Family Business, Small Business, Succession Planning |
Dad wants to eventually sell the family business to his daughter. She has the smarts, drive and desire, and he doesn’t want to work forever. Not only does he want the business to be a success for her; but, part of his retirement income will be dependent on her making...
by Christine | Mar 8, 2013 | Corporate Structure, Estate Planning, Small Business |
NO family wants to build a business only to see it disappear when family members get tired of running it. But let’s face it, what that business really represents is a large majority of the family’s wealth. Business succession plans take a great deal of thought, as...
by Christine | Mar 7, 2013 | Estate Planning, Insurance, Small Business |
When it comes to the growing use of sophisticated wealth transfer mechanisms like trusts and limited liability companies by individuals, the details include complicated insurance considerations that must be expeditiously addressed. If not, the devil—in this case a...
by Christine | Feb 15, 2013 | Small Business, Valuation |
With the day-to-day demands of running their businesses, most owners put off getting a valuation until a sale is imminent. But some are starting to treat the act of valuing their business as an integral part of running it. Has anyone asked you what your business is...
