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Buying or selling a business? It may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate.
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Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider a business valuation.
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Succession planning is an important part of the strategic planning process for every business owner. From a big picture perspective, there are three primary things you’ll need to think about.
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It’s smart for manufacturing business owners to have a well-planned exit strategy. Do you know what your plan should cover?
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If your business has multiple owners, we strongly advise building a buy-sell agreement into your succession plan. Learn more about how these agreements work and why they’re important.
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Transitioning your business to a family member or longtime employee can be a way to keep your company independent while creating a rewarding experience for all. If you’re envisioning an internal succession, here are a few things you can do now to facilitate a smooth transition.
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