There are many ways to finance an acquisition, bank debt, leverage buyout or life insurance. Is there life insurance on the owners of the business. Is the beneficiary the spouse or the business? You may want to (more…)

The best way to describe this is problem is to give an example. This is a very simple one, I will describe a real estate business. There were three brothers in real estate.

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Are you objective when analyzying your children’s skills. Are they able to run the business or do they just follow your instructions? How long have they worked in the business? Do they know all aspects or do they (more…)

When you look at a child, you need to consider if they have management capabilities to run the company. Keep in mind, management and ownership are two different roles. Should you consider if the staff can do a (more…)

Is the child capable of taking over the business or do they feel obligated to do so? Does the child possess the proper skills to take over or do they still need some training? Is there someone else in the business (more…)

If you run a family business and if you have children involved in the business, do you sell/gift the business to the kids? What happens if it is obvious that one child is not capable of running the business and the (more…)

The organization chart should identify the positions of all key people with a summary of the number and types of positions reporting to they key personnel. If you have determined who the key personnel will be, (more…)

You should include a copy of the organization chart of the company including key personnel. There should be:
a job description of each position (more…)

The executive summary should identify the legal status of the investment opportunity, is this an incorporated company, a sole proprietorship, a partnership or a joint venture? The summary should provide (more…)

The executive summary will describe the business venture, if it is new business, then it should provide background of the opportunity, why you believe why your idea will turn into a business opportunity. The (more…)