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Passing Down Your Family Business

Building Savvy

Passing Down Your Family Business
If it’s the latter, emotions can further complicate matters. Family business owners are often caught without a safety net when the sons or daughters they always envisioned running the business one day are either unwilling or unable to do so.

Retiring & Your Taxes

Shavano Living

Retiring & Your Taxes

While taxes, in general, are a constant, tax codes are ever changing. Each year presents a different set of tax implications when it comes to retirement. If you're planning on retiring soon, congratulations! Enjoy and celebrate, but also take some time to understand how retiring right now will influence your future tax returns. 

Exit Planning And Your Taxes

Building Savvy

Exit Planning And Your Taxes
Are you considering selling your business this year? What about in five years or in 10 years? Believe it or not, it can take a decade of solid planning to exit a business on top, at least when it comes to saving taxes. Business owners who skip exit planning often lose to the IRS more than half of the total amount paid for the sale.

Exiting Your Business? Take This Advice from Fellow Entrepreneurs

  • 24 October 2017
  • Author: Alexander Carr
  • Number of views: 1646
  • 0 Comments
Exiting Your Business? Take This Advice from Fellow Entrepreneurs

Whether you’ve owned your business for decades and are ready to retire or are looking to sell a growing new venture, exiting a business is tough. The experience can be fraught with many financial and emotional setbacks, even for those who thought they had masterfully choregraphed every single step. We asked some of our favorite entrepreneurs to share their experiences from past exits—what they wish they had known and what they could have handled better. We’re grateful for their candid advice and hope that it helps you plan your next chapter.

Why Planning to Sell Your Business is Always a Good Idea

  • 12 May 2015
  • Author: Cari Holbrook
  • Number of views: 2652
  • 0 Comments
Why Planning to Sell Your Business is Always a Good Idea

One in three small business owners plan to fund their golden years by selling their businesses. However, half of these business owners do not have potential buyers lined up. These statistics from a 2014 Small Business Retirement Readiness Study shed light on a common issue among entrepreneurs: the issue of poor exit planning.

Golden Handcuffs, Part 4: Can a Family Business Thrive With Only Passive Heirs?

  • 12 August 2014
  • Author: Cari Holbrook
  • Number of views: 2993
  • 0 Comments
Golden Handcuffs, Part 4:  Can a Family Business Thrive With Only Passive Heirs?

Welcome to Part 4 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the past few months, we’ve discussed ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges. In this post, we look at ways you can meet these challenges.

Golden Handcuffs, Part 3: Can an Active Heir Buy Out a Passive Heir?

  • 22 July 2014
  • Author: Cari Holbrook
  • Number of views: 3130
  • 0 Comments
Golden Handcuffs, Part 3:  Can an Active Heir Buy Out a Passive Heir?
Welcome to Part 3 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the past few months, we’ve discussed ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges.

Golden Handcuffs, Part 2: Do Passive Heirs Deserve a Cut of a New-But-Related Business?

  • 10 June 2014
  • Author: Cari Holbrook
  • Number of views: 2533
  • 0 Comments
Golden Handcuffs, Part 2:  Do Passive Heirs Deserve a Cut of a New-But-Related Business?

Welcome to Part 2 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the next few months, we’ll discuss ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges. In this post, we look at ways you can answer the question:  Do Passive Heirs Deserve a Cut of a New-But-Related Business?

How Much Is Your Business Really Worth?

  • 25 February 2014
  • Author: Cari Holbrook
  • Number of views: 3588
  • 0 Comments
How Much Is Your Business Really Worth?

While it may seem like it now, you won’t be running your business for all eternity. At some point, you’ll likely retire from or sell your company. To that end, you’ll need an exit strategy. When clients come to us without clear exit strategies, we often find that the hardest component for them to master is valuing what their businesses are really worth. Too often, the true value of the business is grossly miscalculated, considered too late, or both.

Family SUCCESSion Planning: Four Careful Considerations

  • 17 December 2013
  • Author: Cari Holbrook
  • Number of views: 4316
  • 0 Comments
Family SUCCESSion Planning: Four Careful Considerations

We asked San Antonio business consultant John Dini, one of the nation’s leading experts on business ownership and exit planning, for his advice on handing down the family business. As the author of Hunting in a Farmer’s World, Beating the Boomer Bust and 11 Things You Absolutely Need to Know About Selling Your Business , Dini literally “wrote the book” on succession planning. He recommends that Baby Boomers and other business owners with an eye on retirement carefully consider the following questions.

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