The articles are provided for information purposes only, and are not intended as legal advice.


Eventually all of us get too old too work.  When is it time to retire and let the business change hands, either to a child, family member of third party buyer of a business.  Can you stay too long and if so, will this reduce the value of your business? (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


You have owned and operated your business for many years, in fact, you may have created this business from scratch. You have kids and it is your desire to have your kids continue to run the business after you retire.  Is this a good idea? (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


You have worked hard all your life and you have built up a large successful business.  Now you want to slow down and you want your kids to take over the business.  Are they old enough? Are they mature enough?  Do they have the skills to run the business?  Have they been properly trained?  These are all the questions which you need to determine. (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Succession of a business owner

January 28th, 2010

You still feel healthy but you want to continue the long term success of your company long after you have passed away.   You have children in the business and you want to pass your legacy to your kids, should you?  Too many parents believe that their kids will be as good if not better than they are at operating the business.  Some are, many are not.  Smart business (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Many people do not to think about when they are not here but if you are a business owner that cares (more…)

The articles are provided for information purposes only, and are not intended as legal advice.


The only certainty we have in life is death and taxes. I have found that many people know that they need to plan their affairs but they are afraid to consider what happens when they (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


The economy has changes, business was booming a year ago but last fall, everything changed, the economy slowed (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


You created your business many years ago and you are planning to be around forever.  Your kids are small or you may not have any who are interested in the business so you (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


When you have a family business and several children you have to decide which child or children will be the heir apparent or do you go outside the business to bring in a professional manager?  Remember, often, the (more…)


The articles are provided for information purposes only, and are not intended as legal advice.


Typically, if you sell a business, the buyer of the business will look at historical financial statements. The current economic downturn is affecting many companies and may continue to do so for some time in the (more…)


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