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…

There are many misconceptions about ESOPs today, sometimes in the business press, and sometimes by professionals from various fields.  With all this misinformation and misconceptions about ESOPs, it can be difficult – if not impossible – for the average business…

Introduction From rising fuel prices, rising commodity prices, clients filing bankruptcy on their payables to clients not paying due to adverse credit climates, business is a challenging endeavor for any line of work. The fact of the matter is that…