Nov 6, 2023 | Blog, Exit Planning
At some point, every business owner leaves the company, either voluntarily through retirement or otherwise. Some businesses will outlive their founders. Others can not survive without the continued involvement of a key owner-employee. And a few business concepts —...
Oct 24, 2022 | Advisory, Blog, Exit Planning
Succession planning is important in any business, but it is sometimes overlooked in family-owned operations. This is a big mistake. There are many family-run companies that no longer exist because of a poor succession plan or none at all. Begin the Conversation The...
Oct 10, 2022 | Benefit Plans, Blog, Business Valuation, Exit Planning, The Valuation Report
Employee stock ownership plans (ESOPs) provide tax-saving opportunities for business owners who want to cash out and transfer ownership to employees without immediately giving up control of the business. However, valuing stock held by an ESOP is an ongoing challenge...
Aug 15, 2022 | Blog, Business Valuation, Closely Held Businesses, Estate Planning, Exit Planning, Manufacturing, Mergers and Acquisitions, Real Estate and Construction, The Valuation Report
Over the last two years, market conditions — from cost increases and forced shutdowns to shortages of labor and supplies — have taken their toll on many businesses. While owners of distressed businesses may hope to turn things around, some will unfortunately...
Jun 22, 2021 | Blog, Closely Held Businesses, Exit Planning, Tax
Economic fallout from the COVID-19 pandemic has caused some small businesses to permanently close. No owner plans to close when entering into business, so the tax implications may not be front of mind when it comes time to shut operations down. The following provides...
Jun 21, 2021 | Blog, Closely Held Businesses, Exit Planning, Tax
Closing a business has important federal income tax implications that owners should understand. The following provides tax information owners of sole proprietorships and single-member (one-owner) limited liability companies (SMLLCs) need to know. Reporting Gains,...
