Introduction It is said that accounting is the language of business. Terms like “cost of goods sold”, ROI, accrual, expense, depreciation, and capitalization are thrown around in the business world every day. Yet, the average business person does not know…

This is the fourth in a series of articles that will attempt to dispel ten common misconceptions, or fables, about ESOPs. ESOP Fable #6: ESOPs are new and untested. Business owners are often skeptical of an ESOP, considering such transactions…

Note to the Reader: Recently, we published a letter urging businesses to prepare for natural and man-made disasters. We touched upon business succession in that issue and we would like to further your knowledge of business succession by detailing exactly…

This is the third in a series of articles that will attempt to dispel ten common misconceptions, or fables, about ESOPs. ESOP Fable #4: My employees cannot afford to buy my company. Another common misconception can be paraphrased as, “How…

Knowing the value of a business is important to anyone who has an ownership interest in a company.  Valuing a business is often overlooked until the last minute.  At this point, the business owner realizes how vital a valuation is…