You’ve owned your business for years. You’ve grown it, nurtured it and now the time might be approaching for you to move on. After so many years even if the thought of transitioning your business hasn’t entered your mind, it is time to start planning...
Whether selling your business or engaging in a transaction that requires a valuation, knowing what your company is worth will give you a competitive edge. As a business owner, obtaining a business valuation, or appraisal of the company’s worth, is perhaps one of...
There are several paths you can take when it comes time to transition ownership of your business. How do you determine which one is right for you? For an owner of a closely held business, few questions require as much soul‐searching as the issue of whom to...
If you’ve ever sold a home, you know how complicated it can be – the seemingly endless paperwork, the frantic attempts to clean the house before a last‐minute showing, the frustrations of negotiation. Selling a business is even more complex –...
For the owners of closely held businesses considering ownership transition, the number of ownership transition options available may not be known. Options can include a sale to a third party, a management buyout (MBO), transition to family, or an Employee Stock...
The Modern ESOP and Fair Market Value After the End of Tax Cuts by Keith D. Butcher, John A. Kober, and Jason C. Ray Read in PDF format
So, You’re An ESOP Trustee By Tracy E. Woolsey and Glenn W. Ball Many trust companies and departments find themselves acting as trustees for a relatively small number of employee stock ownership plans (ESOPs). These plans are highly regulated and require a...
The original article appeared in EMPLOYEE BENEFIT PLAN REVIEW. Owners of closely held businesses under-utilize Employee Stock Ownership Plans ("ESOPs") as an ideal vehicle for achieving key business and tax deferral goals. Many of these owners have no exit...
Many engineering and construction firm owners will be retiring in large numbers in the coming years. Those whose children don’t want the family business face a dilemma. With more “baby-boomer” sellers than buyers, buyers are likely to be highly...
Traditionally, employee stock ownership plans (ESOPs) are used as a vehicle to facilitate the retirement of the sole (or majority) shareholder of a closely held corporation and to finance business acquisitions. However, ESOPs are sometimes the perfect (and often...