BLOG

Valuing a Closely Held Business
For many small business owners, valuing a closely held business is an important part of the estate and financial planning. Because valuation is a multi-faceted endeavor, a comprehensive approach is needed. Here, we look at the various areas that must be considered in order to arrive at a fair value for the total business.
Continue Reading
Aging Parents and Money
Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. Here are some important steps to consider if the time comes.
Continue Reading
Business Owners and Executives: Don’t Forget Personal Planning, Too
As a business owner or executive, you may have devoted yourself entirely to your business or career. And for some, this means placing your own personal financial planning on the back burner, or not visiting it as much as you should. Here are a few reminders to focus on your own personal financial planning.
Continue Reading
Setting a Price for Buying or Selling a Business
In the overall U.S. business landscape, mergers, takeovers, and buyouts are occurring at a steady rate. If you were to place your business on the market would you know what it is worth? Setting the price is often the most important aspect of the transaction. In this article we tackle valuation methods, the important role of taxes, and the differences and considerations of a taxable and a nontaxable transaction.
Continue Reading
Strategies for Success: Business Succession Planning
For a succession plan to succeed, an owner needs to examine immediate, intermediate, and long-term goals. A plan should be based on financial forecasts and budgets that are adaptive to changing conditions of both the industry and the economy. In this article, we layout your business survival checklist in the event a need for succession planning makes an untimely arrival.
Continue Reading
March Madness Has Workers Distracted
Does the excitement of March Madness cause a drag on employee productivity? The results might surprise you!
Continue Reading
Family Business—Laying the Groundwork for Success
For business owners considering expanding their team and allowing family members to enter the business there are some questions you may want to ask yourself before jumping in, and succession plan considerations you won’t want to miss.
Continue Reading