As a successful business owner, you’ve likely considered the day you’ll exit your company and what the next chapter of your life will look like. Although many business owners consider it, far too few start planning with enough lead time to exit on their terms. Exit planning is a complex process that truly can never …
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#3 in a Series of Three Articles on Key Employees Having the right people in the right positions is the foundation for a cohesive culture, seamless operations and greater success. It’s especially true for those who are considered “key” employees, who are also critical to a successful exit strategy. My most recent blogs focused on …
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#2 in a series of three articles on Key Employees Having the right people in the right positions is critical to the success of a business. This is especially true for those who are considered “key” employees, and key employees are critical to a successful exit strategy. My last blog, Finding and Hiring Key Employees, …
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#1 in a Series of Three Articles on Key Employees Every business owner knows the importance of having the right people in the right positions. When that’s the case, your company has a cohesive culture, continuity of vision, seamless operations, and forward motion. Obstacles and struggles are few. Having the right people is especially critical …
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The Tax Cut and Jobs Act was President Trump’s first attempt at tax reform and makes major changes to both individual and business income taxation. Initially touted as simplifying tax code, it actually added more than 500 pages. Generally affecting tax years beginning after December 31, 2017, some provisions are intended to be permanent and …
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Most business owners are counting on the proceeds from the sale of their business, upon their exit, to maintain the security of their lifestyle. Yet a study by business transition specialists, ROCG, revealed that no more than 33% of businesses actually complete the sales process and that only 42% of study participants had formal exit …
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Planning for the eventual exit from your business and the transfer of its ownership involves creating objectives about what you want to do personally – whether pursuing another business endeavor or retiring – and whether you’ll be financially prepared to exit on your terms and provide your family with the lifestyle you want for them. …
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As a successful business owner, it may have crossed your mind that one day you may want to retire, sell the company or transition the business to a trusted insider. Doing this successfully, and on your terms, takes planning. When navigating the complex process of exit planning, there is success in numbers! Consider joining our …
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Many business owners, even though they eventually develop an exit plan, start the process too late to allow themselves the years they need to evaluate, cultivate and protect the value of their business. Don’t let that happen to you. In a study by business transition specialists, ROCG, 84% of survey respondents indicated that, upon their …
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Although we’re in the third quarter of 2018, I find that business owners still have questions about the changes they can expect as a result of the Tax Cuts and Jobs Act. Signed into law on December 22, 2017, it created major changes to both individual and business income taxation. The Tax Cuts and Jobs …
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