Author
Oct 20, 2022
Blog

Considering An ESOP Exit Strategy?

When you choose to embark on an Employee Stock Ownership Plan (ESOP) journey, you’ll have the opportunity to sell all (or just a portion) of your own investment in the company to employees while keeping you in the driver’s seat to maintain continuity and control of the business.
Author
Sep 27, 2022
Blog

Beyond Dollars & Cents

Even though financial data plays a large role in determining a business’s value, it’s really only a starting point. In most cases, “value” is synonymous with quantifying the future returns to an owner or investor.
Author
Feb 15, 2022
Blog

Don’t Leave Your Exit Strategy Up to Chance

Why it is important to starting thinking about succession planning for your business.
Author
Jan 31, 2022
Article

Estate Tax Exemption Will Fall – Now is the Time to Plan

As values of businesses, real estate, and investment portfolios continue to rise, now is the time to develop and implement an estate plan for taxpayers considering the future transfer of wealth.
Author
Jan 4, 2022
Blog

Exit Readiness: A Perfect Storm Fuels Surge in M & A

The Baby Boom generation has reached retirement age and is making the largest transfer of generational wealth in history. It may be time to start a discussion about your exit readiness.
Author
Feb 18, 2020
Blog

Exit Planning Options Every Business Owner Over 50 Should Know

One of the best things you can do is to ditch the cookie-cutter exit plans and design an option that addresses your unique goals.
Author
Sep 18, 2019
Blog

Five Ways To Turn Your Business Into Cold, Hard Cash

Wondering how to monetize your biggest investment? Let us count the ways ...
Author
Jul 25, 2019
Blog

Strategic Planning: Your Roadmap For Long-Term Success

Where are you going and how do you plan to get there? A strategic plan will help you chart the course.
Author
Jun 21, 2019
Blog

What Legacy Do You Want To Leave?

Why waste your time and money developing an exit and succession plan? Keep reading to find out.
Author
May 10, 2019
Blog

How To Know When You’re Ready To Exit Your Business

Don't leave the future of your business to chance. Find out why exit and succession planning are essential for business owners.
Author
Apr 10, 2019
Blog

What Will Your Legacy Look Like?

Leaving behind your ideal legacy takes solid succession planning. Find out your next steps to developing an exit plan that works for you.
Author
Jan 23, 2019
Blog

What Does The Word Rich Mean To You?

Everybody wants to retire rich, right? Well ... that depends. What does "rich" mean to you?
Author
Jan 16, 2019
Blog

Building A Business Is About Building Value

If you want your business to grow, look for ways to enhance it's value.
Author
Jan 8, 2019
Blog

When Do You Need A Business Valuation?

Wondering if you need to have a business valuation conducted on your company? Wonder no more!
Author
Dec 11, 2018
Blog

Filing A Gift Tax Return? Don’t Forget The Business Valuation Report

If you are gifting some or all of your business and are filing a gift tax return this year, don't forget to include a business valuation report.
Author
Oct 18, 2018
Blog

Don’t Follow These Steps If You Want To Grow Your Business

Want to know what NOT to do to grow your business? Keep reading.
Author
Oct 5, 2018
Blog

How Will I Know When I’m Ready To Exit My Business?

How much thought have you put in to the exit/succession phase of business ownership?
Author
Sep 20, 2018
Blog

Not Quite 50 Ways to Leave Your Business

Are you ready to talk about how to leave your business? Great! We've listed out your options.
Author
Aug 29, 2018
Blog

You Built A Business. You Grew Its Value. Now You Need To Protect It.

More than half of your entire net worth is tied up in the value of your business. What are you doing to protect it?
Author
Aug 9, 2018
Blog

Do You Have A ‘Get-Out-Of-Business’ Plan?

There are many ways to leave your business, but whichever road you chose, know that there will be a lot of planning involved. Read on to learn about your options.
Author
Jul 30, 2018
Blog

That Buy-Sell Agreement Is More Important Than You Think

A buy-sell agreement is your safety net. When you put one in place, it protects everybody's interests.
Author
Jul 24, 2018
Other Stuff

Slideshow | Do You Have What It Takes To Protect Your Business?

Take time to identify your business’s most vulnerable areas to gain the insight needed to quickly and efficiently address troublesome issues as they arise.
Author
Apr 10, 2018
Blog

Could You Give Your Employees The Keys To The Kingdom?

Employee Stock Ownership Plans (ESOPs) are growing in popularity. Are they right for you?
Author
Mar 15, 2018
Blog

Tax Reform Brings Business Valuation Changes

Yep. It's true. Tax reform will impact your business's value. Read on to find out how.
Author
Jan 9, 2018
Blog

The Perfect Time To Gift A Business To The Next Generation

President Trump signed the Tax Cuts and Jobs Act of 2017 into law on Dec. 22, 2017, triggering discussions about the various income tax implications, but little is being said about how this legislation will impact succession planning for business owners. Read on to find out more.
Author
Nov 14, 2017
Blog

GOP Tax Bills Take Aim At Estate Tax

House Republicans have finally gone public with their long-awaited plan for tax reform and the Senate has their version. Included in the House document are plans to kill the estate tax. Read on to find out.
Author
Aug 10, 2017
Blog

Family-Owned Businesses Await Final Business Valuation Decision With Bated Breath

The U.S. Treasury Department and the IRS issued a proposal to place limitations on business assets transferred from one generation to another. However, after a firestorm of criticism, the proposal may be poised to undergo modification or be fully repealed. Read on to learn more.
Author
Aug 12, 2015
Other Stuff

Slideshow | Do You Have What It Takes To Protect Your Business?

Owning a company or leading an organization can be grueling, uncompromising and unrelenting; but it can also be rewarding, inspiring and liberating. As you move forward in your career, much of your success will be measured by how well you were able to mitigate risks and manage full-blown crises. Fortunately, you don’t have to wait … Continued
Author
Aug 1, 2013
Blog

Grow The Value of Your Business

This is the first part in a series about things business owners should do to take control of their futures. There are plenty of things we can’t control: the economy, interest rates, what our competitors do and the behavior of our employees. But, as a business owner, your business’s fate is in your hands. If … Continued
Author
Jan 16, 2013
Blog

As You Ring in the New Year

The start of a new year is, for many, a time of reflection of the year gone by and a time of hope for the year just beginning. As you relate this to your business (and to a certain extent yourself) here are some thoughts to keep in mind… Have a plan. You cannot reach … Continued
Author
Sep 1, 2012
Blog

Building a Business is About Building Value

Why did you go into business for yourself? Was it to provide for your family? To do something you love? To control your own destiny? Those are probably all true to an extent; but more than anything, you should be in business to increase its value. Business owners typically have 50 to 70 percent of … Continued
Author
Feb 15, 2012
Blog

Gifting a Business Interest?

Lately we’ve been surprised by how many people are thinking about filing a gift tax return without a business valuation. We’ve had a few conversations with people who are under the impression that they don’t need to attach a valuation of their business interest to the gift tax return. Before you file your return without … Continued
Author
Apr 27, 2011
Blog

Considering Gifting Your Family Owned Business?

How many times have you received a 500 percent increase on a tax exemption? The federal gift tax exemption did just that – going from $1 million to $5 million for an individual and from $2 million to $10 million for couples – but only for 2011 and 2012. As a result, you have a … Continued
Author
Feb 1, 2011
Blog

Executing and Reassessing Your Plan

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
Dec 6, 2010
Blog

Setting a Course of Action Involves Communication, Timing

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
Nov 1, 2010
Blog

Five Steps to Maximize the Return on Your Largest Investment: Your Business

Everyone likes to maximize the value and annual return on their investments. Investors hire the best investment advisor they can find to monitor their marketable securities. Few business owners, however, manage their most important asset with that same commitment. Closely held business owners get into the trenches, handling the day-to-day responsibilities. As a result, they … Continued
Author
Jan 31, 2010
Blog

Assessing Where You, Your Family and Your Business Are

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
Jan 31, 2010
Blog

Knowing All the Options Available

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
Jan 31, 2010
Blog

Knowing the Value of Your Business

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
Jan 31, 2010
Blog

Making the Decision

This article is part of the series Six Steps for Successfully Transitioning Your Family Business.  Articles in the series are: Step 1 – Making the Decision Step 2 – Knowing the Value of Your Business Step 3 – Knowing All the Options Available Step 4 – Assessing Where You, Your Family and Your Business Are … Continued
Author
May 6, 2009
Blog

Succession Planning Is Especially Important for Family Owned Businesses

As the old saying goes, when you fail to plan, you plan to fail. Did you know that only three in 10 family-owned businesses have a written, formal succession plan in place? Another statistic tells an equally sobering detail: 12 percent of family-owned businesses do not survive past the second generation of ownership, largely due to … Continued
Author
Jun 10, 2008
Blog

When Is the Best Time to Sell Your Business?

Timing is the single most important factor in selling a business. To understand why, you must first understand what usually drives the ultimate price paid for a business. The best time for an owner to sell is when the anticipated cash flows are high and the perceived risk is low. Economic conditions, industry trends, buyer … Continued
Author
Dec 26, 2007
Blog

How to Get the IRS to Close a Valuation File

Many of our valuation projects are for gifts of stocks or valuing closely-held stock owned by an Estate. The IRS requires all business valuations (for gifts, estates and charitable contributions) to follow the standards set forth in Revenue Ruling 59-60. At the recent IRS National Symposium on Valuation Issues, Patrick McKay, ASA, AVA, a senior … Continued
Author
May 9, 2007
Blog

How to Use Financial Statements to Analyze the Performance of a Business

The information found in basic financial statements and notes can – and should – be used to give insight into the financial strength and earnings capacity of your business. This extends beyond such single statement captions as “net income” and requires that relationships between the numbers be examined. While a practically unlimited number of such … Continued