Family Business Ties: Good, Bad, or Ugly?

I was raised in a family business. As the eldest son I experienced the Good, the Bad, and the Ugly!  I’ve also had the pleasure and opportunity of working with family owned-business over the last twenty years. Many of their stories go something like this: Once upon a...

Business Succession Plan Considerations

Most small business owners contemplate the future of his or her business. Because “the business” usually the wealth generator and a large portion of net worth, many estate planning issues can affect the company’s future stability. A business succession plan is...

The Purpose of Your Buy-Sell Agreement

A Buy-Sell agreement (BSA) serves several key purposes for business owners. A well-articulated BSA creates a ready market and liquidity to a selling owner, and should establish price, terms, and financing for the transfer. In short it spells out a process so that all...