Completing and filing your Business tax return is cause for celebration, especially for your accountant. This event is also well deserving of one of my favorite lines from Caddyshack. Carl (Bill Murray) caddying for the Dalai Lama. “So we finish the eighteenth… and he (the Dalai Lama) is gonna...
Business owners who are thinking about exiting their business will often want to compare their potential exits to other owners who have been through an exit. A potential problem in trying to analyze someone’s exit process is that the results, not the process, are often all that are seen. So,...
In a recent release of findings from an ongoing research effort being conducted by Pinnacle Equity Solutions, Inc., a national leader in the emerging field of exit planning, it was revealed that 58% of business owners who are considering a future exit from their privately-held business currently have both a...
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Through our affiliation with Pinnacle Equity Solutions, the leading authority on succession planning, we will provide you with regular articles on the business transition arena.
Many owners of privately-held businesses are not pro-active in planning for their exit and the company’s transition. This is true mostly because the ‘exit planning industry’ is nascent and many owners are simply not aware that a service exists to help owners with this complex issue. This newsletter is written...
It is sometimes difficult to know how much information to share with your management team. From “playing it close to the vest” to “open book” management, different companies have different cultural approaches to these issues. In addition to deciding how much information you want to share with your key people,...
A majority of private businesses are highly dependent upon an owner’s individual efforts. Most owners intuitively understand that if they are a critical part of each area of their business, then it is going to be very difficult to have a business transition to a new owner. And, as a...
Running a privately held business is a very large challenge. On a daily basis, owners are confronted with a countless series of interdependent issues that require their decision-making abilities. One of these issues is the future ownership of the business by someone else. More succinctly stated, the issue is whether...
All business owners want to know the ‘value’ of their business. You, as an exiting owner, need to understand that the value of your company is a ‘range concept’ – there is no single value for the shares of your privately held business. The easiest way to understand this range...