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Make a Successful Ownership Transition by Knowing Your Options

By Advisory, Insights, Valuation, Valuation Acceleration & Exit Planning

On Monday, September 13, 2021, House Ways and Committee Chairman Richard Neal released the first draft of the House Democrats’ tax legislation (including both tax increases and tax relief) they expect to consider as part of the budget reconciliation process, intended to fund key programs under President Biden’s “Build Back Better” program.

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3 Tax Considerations for Helping Your Client Sell Their Business

By Business Tax, Insights, Tax Planning & Consulting, Valuation Acceleration & Exit Planning

After 18 months of economic uncertainty, many business owners who were forced to put their business sale plans on hold are now ready to go forward. It’s critical for CPA’s to understand how they can best support their clients through the process of selling their business. Here are three important considerations for helping your clients through this process.

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The Value of an Advisory Board and its Role Supporting a Business’s Exit Planning

By Advisory, Insights, Valuation Acceleration & Exit Planning

Navigating business complexities can be overwhelming, especially when its opportunities and challenges are outside of a business owner’s area of expertise. To effectively manage these situations, many management teams seek the support of outside counsel through an advisory board. By forming and consulting with an advisory board, a company benefits from the knowledge and experience of its members without being bound to their advice.

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Planning for What’s Next

By Insights, Valuation Acceleration & Exit Planning

Here we are, a month after the world was upended due to the coronavirus. In the first few days, leaders had to respond to the urgency of the situation. For some, the workforce began to work remotely. Others adapted and some have temporarily closed their doors. We don’t know how long the current pandemic will last or how long it will take the economy to recover, but we do know that now is not the time to lose sight of your long-term plans.

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How a Strategic Exit Plan Benefits You and Your Business

By Insights, Valuation Acceleration & Exit Planning

Kathleen King began selling her home-baked cookies as a child from her family’s farm stand. After growing her business over the next 20 years and developing a successful brand with a large following, Kathleen recognized the need for an exit strategy. Rather than engaging a professional service provider for advice, she accepted an offer for two business partners to buy into her business

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Overcoming Obstacles in Business Exit Planning

By Insights, Valuation Acceleration & Exit Planning

Business owners probably think of retirement as a time to let go of all business stresses and to finally begin relaxing. Surprise—according to a recent study, more than 70% of former owners regret selling their companies less than a year after the sale. What causes so many to regret their decision? The culprit seems to be the lack of preparation on the part of the business owner.

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