You’ve spent years building your company and now are ready to move on to something else, whether launching a new business, taking advantage of another career opportunity or retiring. Whatever your plans, you Read more
Protect your small business by insuring your key people
In a small business, the loss of any single employee may lead to some dire consequences. Building a strong team can hedge against this risk. Even so, your company may want to acquire key employee Read more
An ESOP offers small businesses tax and other benefits
With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its Read more
Do you know the tax implications of your buy-sell agreement?
Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, Read more
Should your business consider implementing an ESOP?
Among the retirement plans that small businesses can offer to their workers are Employee Stock Ownership Plans (ESOPs). As the title indicates, an ESOP is a process for transferring ownership Read more
Going Outside to Sell Your Small Business
For business owners who are seeking a successor, the right person might be obvious. If you have a co-owner or partner, a buy-sell agreement can set the terms. If a younger Read more
Buying or selling a business? Consider an installment sale
Whether you’re selling your small business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. Read more
Business Owners: What is your exit strategy?
Small business owners should have an exit strategy – a plan for the time when they’re either unwilling or unable to keep running their company. That plan should include Read more