The ‘Silver Tsunami’ Is Reshaping Small Business: Why Exit Planning Can’t Wait

The ‘Silver Tsunami’ will see 2.3–3million U.S. baby boomer-owned SMBs change hands over the next decade as retirements ...
Forbes

Succession Planning: Protect Your Business And Improve Your Cash Flow

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...
JD Supra

Business Succession Planning for Restaurant Owners: Protecting Your Legacy

For restaurant owners, business succession planning is crucial to ensuring a smooth transition of ownership while protecting the legacy of their establishment. Whether the goal is to pass the ...
JD Supra

Succession Planning for Business Owners

What is succession planning for business owners? How does this affect the short and long-term interests of your company and its value? Why should you be concerned about succession planning if you own ...
The Business Journals

Table of Experts: Heading for the exits—Why succession planning is so important

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In business, few topics carry as much weight — yet ...
The Business Journals

3 tips to optimize your succession planning

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. You’ve put the proverbial blood, sweat and tears into ...
Inc

How to Sell Your Business Successfully and Increase Its Value Beforehand

If you’re the owner of a small or mid-size business, chances are your company represents a large portion of your net worth. That’s especially true for many Baby Boomers like me. Over the past few ...
Wealth Management

Six Strategies to Avoid Succession Problems Due to Cognitive Decline

Cognitive decline poses unique risks to family businesses. Learn essential planning strategies beyond wills to protect ...
Entrepreneur

Common Succession Planning Mistakes

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...
Hawaii Business

Four Paths to Consider Before Exiting A Business

Hawaiʻi is known for, and is rightly proud of, its entrepreneurial spirit. But like so many other parts of the country, ...
Entrepreneur

Tax Considerations and Valuation in Business Succession Planning

Get an overview of determining the most lucrative and tax-efficient methods to conduct a sale or pass along a business. Understanding how capital gains taxes influence the financials of a succession ...
NJBIZ

NJBIZ panel covers planning, succession for family firms

As part of NJBIZ’s latest virtual panel, participants discussed how family businesses can survive and thrive across multiple generations. Earlier this month, Trump signed into effect sweeping tax and ...