Succession Planning – Take Control of Your Destiny

Why do I need to do succession planning? Ask yourself the following questions: How would the business continue if something happened to me? Would there be an orderly transition of the business? Would our client/customer needs continue to be met in a timely fashion? How would the business be liquidated?   When evaluating the first… Read more »

Will C Corporations be the Comeback Kid of 2018?

Business owners are curious about the decrease in the C corporation income tax rate to a flat 21%, which begins in 2018 as a result of The Tax Cuts and Jobs Act, signed into law in late 2017.  Prior to 2018, C corporations paid a maximum federal tax rate of 35%.  This decrease in the… Read more »

Tax Cuts & Job Act | Congress Passes 2017 Tax Reform

The Tax Cuts and Jobs Act has been approved by Congress and signed by President Trump. While the tax reform bill has seen various modifications and transformations, it now appears it has reached it’s final form as it was signed into law by President Trump December 22, 2017. updated 12/29/17   |   updated 12/27/17 Learn More… Read more »

5 Reasons for Business Succession Planning

It is never too early to create a business succession plan.  Whether you choose to sell your business or the unexpected happens, it is inevitable that one day you will no longer be involved in your business.  A business succession plan will help to protect you and your hard earned assets during this transition. The… Read more »

Succession Planning | Look at things from a surety’s perspective

A well-designed succession plan is critical to the long-term survival of a construction business. In developing one, it’s important to consider the objectives and needs of your company’s owners as well as their family members. But it’s equally important to examine your plan from the perspective of your surety. Bonding obligations typically last for several… Read more »

Estate & Gift Tax: Recently Issued Proposed Regulations

Estate and Gift Tax Planning: Recently Issued Proposed Regulations Family-owned entities, such as corporations, partnerships and limited liability companies, are often used to manage and control family businesses or family assets.  These entities may serve as both a succession planning and an estate planning tool in which gifts or bequests of ownership interests in the… Read more »

How Purchase Offers Factor into the Valuation Equation

Have you ever heard a business owner brag, “I was offered $X million for my business!” — or have you been lucky enough to receive an offer from another party to purchase your private business stock? Intuition says that such offers tell you how much an objective third party thinks your business is worth. However, a… Read more »