What is a Letter of Intent?
If you're a business owner, then you've probably heard of a letter of intent. But what is it exactly? A letter of intent is a legal document that outlines the major terms of an agreement [...]
If you're a business owner, then you've probably heard of a letter of intent. But what is it exactly? A letter of intent is a legal document that outlines the major terms of an agreement [...]
As a business grows, so does the amount of responsibility. it's natural to think that we can do everything ourselves, especially when the business is smaller. However, as the business grows and begins to expand, [...]
As a business owner, it is understandable to be hesitant about paying for non-essential professional fees. However, obtaining a certified professional business valuation can actually help you avoid potential issues with the IRS and maximize [...]
Planning for a successful business future is an exercise in foresight and commitment. Without foresight, it may be difficult for you to determine what success means to you. Without commitment, even the best-laid plans will [...]
Surveys will tell us that about 25 percent of all business transfers happen between owner and child. Of course, this isn’t an owner’s only option. An owner may choose to sell to a third party, or [...]
Though exit planning for business owners continues to grow in popularity, there are still many misconceptions about the process. When owners clearly understand the reasons for exit planning, they often find that a strong exit [...]
Many business owners support their families through their businesses. Some have larger-than-life lifestyles, and why not, they earned the right to enjoy their success. But what if something were to happen, such as sudden death [...]
Businesses can be valuable for a myriad of reasons. Some companies thrive on their strong name recognition, others leverage inventory, still, others focus on providing the “white glove service” experience. But regardless of industry, there [...]
When discussing exit planning, you’ll often hear the phrase: key employee. In fact, the term key employee comes up a lot. As Advisors we often say that... Key employees are critical to a timely and complete [...]
It’s important to realize that an amazing management team doesn’t just happen. It takes time. It takes planning. It takes commitment to the development of staff. And most of all, it takes training. Every business [...]