Aside from acquisitions and bankruptcies, leadership transitions often are among the highest-stakes events for organizations. Whether a crisis forces a replacement or you’re facing a long-known retirement, each transition presents…
Business succession planning — the process of thoughtfully planning ownership transition of a business — is still uncommon among businesses with fewer than 300 employees. In fact, fewer than half…
By Ryan Witt, Vice President – Wealth Advisor Family disharmony can also equal business disharmony. These four tips can help keep your business running smoothly. Family dynamics — and the…
Written by Christine Waldschmidt, JD, Vice President – Trust Advisor One of my most important jobs as an advisor to a closely held business owner is helping the owner figure out…
Read "Business Succession Planning: When Selling Makes Sense"
Much like the Small Business Administration, the U.S. Department of Agriculture manages a number of programs to help certain types of American businesses grow. USDA business loans are a great…
Accurately valuing a closely-held business is arguably the most challenging part of the planning process. However, as with most items in the planning process, a business valuation does not have…
In Part I of our resource, Business Succession: What it Entails & Why it’s Important, we took a high-level view of business succession planning and we looked at the reasons…
WHAT IS BUSINESS SUCCESSION PLANNING? In short, business succession planning is figuring out how to transition a business interest to someone else. That’s an oversimplification, but that simple statement is…
Read "Business Succession: What it Entails & Why it is Important"
As many of us can attest, both personally and professionally, business succession planning often takes a backseat to the day-to-day requirements of our lives and our businesses. With that in…
In Part I of our resource, “Business Succession: What it Entails & Why it’s Important,” we took a high-level view of business succession planning and we looked at the reasons…
Business succession planning–what is it? One of the important decisions a business owner must face is when and how to step out of the business–in other words, business succession planning.…
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