Buy-sell agreements are important tools in business transitions, acting as safety nets that ensure smooth operational continuity when changes in ownership occur. These legal documents detail how to reallocate a business owner's share if they choose to leave the...
If you have been a business owner for a while, a time may come when you want to sell your company. From retirement to a change in business goals, there are many reasons why an entrepreneur might want to sell. Get a comprehensive valuation of the business Before you...
Many parents go to great lengths to treat their children equally. So, it should be no surprise that business owners often will try to divide the family business equally among the children, regardless of the number. However, some business experts believe owners should...
When it’s time for you to retire or sell your business, do you want the person taking your place to do things exactly how you’ve done them through the years? If so, that could be a mistake. Preserving what you’ve built means it’s essential to understand how many of...