Some owners see partial exits as a great way to diversify their financial holdings, since many privately held business owners have most of their wealth tied up in the business.
One of the questions we like to ask is whether a company knows where they make their money. Companies that track profitability by customer and by product line have made a major step in preparation for private equity.
The economic crisis of recent years has resulted in near-record bankruptcy filings. The impact upon your business when a customer or vendor files a petition for bankruptcy can be devastating.
Given that a company represents a lifetime of work and most of your wealth, the sale of your company is a process worth doing right.
Securities laws are designed to protect investors, not help business owners. Remember this whenever you are thinking of asking people for money to help your business.
Purchasers will likely be suspicious of transactions that the business has entered into with its owners, directors or managers and their related family members or respective businesses.
The right plan for your business may reduce your current tax obligations and enable you to build personal wealth while attracting and retaining talented employees.
Being your own boss no longer has to be a pipe dream if you know how to acquire the right money and right advice to set you on the path toward entrepreneurship.
A nonqualified deferred compensation plan is a powerful tool that can be used to reward key employees, promote long-term loyalty or provide an additional retirement benefit to highly compensated employees
Many closely held businesses do not have a current succession plan in writing. Those that are written often are not funded, meaning the stipulated successor hasn’t planned to inherit the business and therefore does not have the funding to assume ownership.
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