Introduction Along with deciding to engage in business succession planning and finding a successor, it is necessary to value a business.  A valuation is necessary whether the business is to be transferred to an heir or third party or for…

You may be eager to sell your business, and happy to have an acquirer at your doorstep, but are you prepared for what happens when an acquirer starts looking “under the hood” of your business? Most professional acquirers will have…

Introduction Many people dream of the retirement that includes walking along the beach with a loved one, spending the nights in hotels, and eating dinners that include good food, wine, and candlelight.  The reality can be that for some, at…

For many business owners August is the time to take a vacation, as well as a time to reflect on this year’s achievements and to set goals for the year ahead. Most business owners will set goals to hit certain…

Introduction The consensus on the economy (according to Beige Book and various other official sources on the issue) is that we are out of the woods and experiencing, for the most part, some robust economic growth.   With an average of…

In 2020 the youngest Baby Boomers will turn 55.  Baby Boomers own 75% of the 6+ million private US businesses with payroll, and will need to transition their businesses to new owners as they retire. Yet in a recent survey…