Series: The Importance of Succession Planning
A multi-part series on the importance of succession planning and key considerations for business owners
succession planning
What to Expect for an ESOP Feasibility Study
If you’ve decided to take a closer look at an Employee Stock Ownership Plan (ESOP) for your succession plan, you may be wondering what the next steps are. The typical next step is an ESOP feasibility study.
Does an ESOP Make Sense for My Exit Plan?
By Matt Silla, ASA, CFA As a business owner, you have to make many decisions, including how, and when, it’s time for you to move on from your business. The process of stepping away from your company can be difficult, but proper planning can ensure that you and your business will not only survive the …
Ep39: Reinventing Retirement
It’s no wonder executives may have a hard time adjusting to retirement. Can you imagine always being go, go, go, with a hard stop on your first day home? That’s why many executives are postponing retirement, but Donna Kastner has a plan to reinvent retirement. Donna is here today to tell us how C-suite executives …
Business Valuation 101 – Understanding the Basics
By Kimberly Robison, CPA | Senior Associate, Business Valuation Understanding and determining the value of a business is a service provided by trained and certified business appraisers. In domestic relations court, the court often turns to experienced and credentialed professionals to value marital assets, such as a privately held business. The first step to the …
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Ep29: Finding Balance in Family Business
Managing a family business creates unique dynamics amongst family members and co-workers. At the end of the day, family and business can become blended, which could create conflict or miscommunication. Today, we’re joined by Dr. Cecil Bergen, a marriage and family counselor that specializes in family business relationships. Dr. Bergen shares with Chuck & Brittany …
Planning Ahead – Designing Your Succession Plan
Before you start, choose your destination Article #2 in the Succession Planning series By Toby Kaye, CPA/ABV | Manager, Tax I had discussed in the initial article about listing your desired exit outcomes in priority order during the planning phase. Any additional time spent on this phase clarifying your goals will pay dividends throughout the …
Planning Ahead – Designing Your Succession Plan
Before You Start: Understand Yourself and Your Current Situation By Toby Kaye, CPA/ABV | Manager, Tax A mentor of mine would often tell me, “always keep the end in mind.” Proactive planning is a good recommendation. The stakes are much greater when it comes to succession planning. As soon as the entrepreneur starts a business, …
Ep21: Don’t Wait to Plan Your Estate
Did you know 60% of adults don’t have an estate plan? But as our guest Andrew Pfeiffer says, if you don’t have a plan, probate court does. Andrew joins Chuck & Brittany today to talk about the benefits of estate planning as a critical component of personal finance planning. Andrew is an attorney specializing in …