Elements of a Plan to Sell to Insiders
Today, we discuss the essential elements of a plan owners use to transfer a business to insiders that keep the owner in control until he or she is paid the [...]
Exit Planning Myths
Myth: "My CPA will tell me when it is time to start planning for my business transition." (Replace CPA with "attorney," "financial planner," or "insurance professional" and the myth remains intact.) Fact: Your [...]
Planning for Departing Owners
Many business owners find that transferring management responsibility is an important issue for them to address when they are thinking about leaving their business. However, many tend to overlook this [...]
The Importance of Creating a Plan to Ensure a Smooth Ownership Transition
When you sold your home, you did not hesitate to use a realtor. Exiting your business can be much, much more involved (and financially more significant) than selling your home [...]
Unforeseen Changes to Third-Party Sales
For many business owners, a sale to a third party is their assumed Exit Path. Some business owners even start their businesses with the goal of finding a larger, more [...]
FASB Standards and You: Two Important Updates for Manufacturing & Tech Companies
The last few years have brought several new standards from the Financial Accounting Standards Board (FASB). While some of these new FASB standards were rolled out as far back as [...]