Key Employees and Covenants Not To Compete
Covenants not to compete are meant to protect a business but can harm the employee and prove unenforceable. JMCO partner Roger Swanger explores how to approach such covenants in regards [...]
What Business Owners Assume About Financial Planning Hurts Them
One of the most important goals of exit planning is to position business owners for post-exit financial security. To do that, business owners and their advisors must have several pieces [...]
The Dangers of Transferring a Business to Children Without Planning
After building a successful business, many owners decide on transferring their business to their children. Too often, those owners assume that transferring a business to children will go smoothly and [...]
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 [...]
Elements of a Plan For Business Insider Transfers
Today, we discuss the essential elements of a plan owners use for business insider transfers that keep the owner in control until he or she is paid the sale price. [...]
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 [...]