Author: Holly Taylor
Apr 2, 2019
A Quality Of Earnings Report Is Recommended When Acquiring A Business
You've just signed a letter of intent to acquire a business. Now what?
Sep 6, 2018
Succession Planning: A Must For Every Business Owner
Succession planning is a series of decisions about how your business will operate and who will take over when you're gone. Have you thought about your next steps?
Jul 17, 2013
Uncertainty of Estate Tax Levels and Family Valuation Discounts
Planning is part of our everyday life. Whether you’re writing out your daily “To Do” list, or mapping out your route to work, or strategizing about how to retire comfortably. Preparation is an essential task to reaching our goals. So when we don’t have the fortune of planning for something, it is important to prepare … Continued
Dec 19, 2012
How Are Gift Taxes Appraised?
If you gift an interest in a closely held entity, you must adequately disclose it on Form 709, United States Gift Tax Return or in a statement attached to the gift tax return. If you don’t, the statute of limitations won’t begin – allowing the IRS adjust the unified credit or assess potential gift tax, … Continued
Aug 13, 2008
How to Fund a Buy-Sell Agreement
How important is proper estate planning for business owners? Consider this real-life scenario. The majority owner of a successful business, which had a buy-sell agreement in place, died unexpectedly. The buy-sell agreement was funded by a life insurance policy that was owned by the company. A valuation showed that the value of the company was … Continued
Feb 6, 2008
Is Your Retirement Plan Based on Faulty Assumption?
As a business owner, do you know what your most important asset – your business – is really worth? All too often, business owners have to change their retirement plans due to miscalculating the true value of their business. Read on for a true example of what can happen if you make this mistake. A … Continued
Dec 5, 2007
As a new year approaches, thoughts often drift towards resolutions for improving our lives. In business, that process includes strategic planning. A strategic planning meeting should be held at least annually, or more often in preparation for new ventures or significant changes in your business. The strategic planning process can range from simple to complex … Continued
Oct 31, 2007
Valuation Formulas in Buy-Sell Agreements
One of the most popular valuation methods used in buy-sell agreements is setting a specific formula in the agreement to determine value. Formula buy-sell agreements fix a single formula today for transactions that will occur at future dates. The advantages of formula buy-sell agreements are that they are easy to understand, they are easy to … Continued