Business Exit Planning

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Business Continuity Planning

Successful owners are usually optimistic people, somewhat averse to dwelling on the more unpleasant aspects of Business. Contemplating one's demise certainly qualifies as an unpleasant aspect. Consequently, advisors tend to use a lot of softer phrasings when they talk about business continuity. They ask, "What happens if the owner 'passes on' or 'leaves the scene?"' They talk about the consequences of an owner's death on the business in theoretical, third-party terms: "Should an owner die,..." Unfortunately, these oblique references gloss over the central fact that you, the owner, must take care of business now in case you (rather than someone anonymous third party) die tomorrow.

This white paper discusses business-continuity planning in a way that you may not expect. Typically, when owners think of business continuity, they do so after being prompted by an insurance or legal advisor who warns that unless they take prudent measures, they will leave their families unprotected in the event of death or permanent disability.

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Employee Incentive Planning

As business owners plan to exit their businesses, they must confront the challenge of incentivizing employees - specifically, management - to stay with the company after they have left. Having a strong established, and committed management team to take the reins once an owner has exited is becoming more of a prerequisite that a luxury when selling or transferring the business to a third party. There are several reasons why a strong management team is essential to a successful business exit for owners.

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ESOP Opportunities

An Employee Stock Ownership Plan (ESOP) is a tool business owners use to achieve many common Exit Objectives: 1) Provide partial or full liquidity for existing shareholders; 2) Leave the business gradually; 3) Provide employees with a stake in the future growth of the business; and 4) Keep the business in the community. File Name: wp_esops_opportun...
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Using Short-Term Key-Employee Incentives to Increase Sale Price

One of a business owner's greatest challenges is to attract, motivate, and keep key employees. As owners approach the end of the marathon of exiting their business, often tired and distracted by everything they've done, they begin to assume that it is no longer worthwhile to keep and motivate key employees. However, keeping key employees is not only worthwhile but also necessary if the business is to be sold at the highest possible price.

A basic premise of key-employee incentive planning is to keep the key employee as a long-term, contributing member of the company. Consequently, incentive plans incorporate relatively long vesting schedules and provide benefits that are relatively moderate in the early years but become substantial as the years pass (usually after the employee has participated in a plan for at least five years).

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Transferring Wealth to Children: A Primer for Business Owners

Both business owners and non-business-owning parents want to transfer a monetary legacy to their children, if possible. However, business owners are different in the tools they can use to transfer wealth.


Whether you own a business or not, the fundamental questions are the same:
1. How much wealth do you want to keep?
2. How much wealth do you want the kids to have, and how much is too much?
3. Which tools minimize the estate-and-gift-tax consequences of transferring wealth?

Business owners have to put those questions in the context of their Exit Objective" "How much money do I wish to have after I exit my business?"

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Transferring Your Company to Key Employees

Owners wishing to sell their business to management - specifically, key employees - face two unpleasant facts: Their employees have no money (most likely) and they cannot borrow any, at least not in sufficient quantities to cash out the owner. Thus, each transfer method described in this white paper uses either long-term installment buyout of the owner or someone else's money to complete the buyout. The last method discussed - the modified buyout - uses both an installment buyout and someone else's money.
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Man Tunnels Out From Under Building Using Plastic Pen.

Imagine being trapped under the crushing weight of an office building. For years. No matter what you try, every attempt at escape is thwarted. Tons of concrete, steel, and glass loom over you. You begin to think there’s no way out. Stories like this rarely makes the news, yet they occur much more often than most people think.

Fortunately, this doesn’t have to happen to you – if you know how avoid being trapped in the first place. All it takes is a pen, paper, and the right help.

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Exiting Your Business Can Be A Lot Like Exiting 2015.

Music. Champagne. Fireworks. Noisemakers and party hats. Ring in the new year and ring in a whole new life. Without the nasty hangover. How? By starting to plan for your business exit now. Because no matter how long you’ve been in business, the time to starting planning your exit is immediately.To quote Michael Jordon, “Some people want it to happen, some wish it would happen, others make it happen.” Sure, you can keep putting it off. But there are two very important things you stand to lose: namely, money and control. With some planning you can dramatically increase your ability to hang onto both. There are several options to consider.

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Is Your Business Equipped With An Exit?

Office space. Check. Desks. Check. Chairs. Check. Whether your tools are computer and copy machines or a pickup truck and a power saw, one of the most overlooked essentials is a way out. As a business owner the last thing you want to discover is that you don’t have a way out when you need one. A much better option is to start planning for that exit now. Sure, you can always walk out the door right now if you wanted to, but only if you’re willing settle for a less than ideal payday. The kind of exit we’re talking about keeps you in control of every last detail and lets you leave in style.

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How To Sell Your Business To Your Employees.

Selling your businesses to your best, most loyal and / or most ambitious employees can make a lot of sense: they have something to work toward, the business can continue to thrive, and you can exit with your financial security in tact. How?

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Everything’s Moving Faster. Shouldn’t You?

Now 50 is the new 40. Orange is the new black. And the pace of change is only increasing. So while your career may be off to a great start, the real question is, how do you consistently stay ahead.

Marko Mijuskovic, BA, MBA, MSIS, and CExP™, can help you answer that very important question with two questions of his own. First, where do you want to go? Break out that clean sheet of paper, daydream, create a vision board, drop some crazy numbers into a spreadsheet – do whatever it takes to set some clear goals. “This is the fun part,” chuckles Marko.

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The Seven-Year Itch & How To Scratch It

The Seven-Year Itch & How To Scratch It It was true love right from start. You’ve been committed from day one. You’ve been faithful. You’ve given completely and selflessly. The more time you’ve spent, the more your passion has grown. But lately, you’ve experienced a bit of a plateau. The feelings are still there but the flames have subsided. Maybe you’ve even caught yourself daydreaming about something new.Ladies if this describes your experience as a business owner, you’re not alone.
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Don't let April fools you

DON’T LET APRIL FOOLS YOU

 

For Immediate Release: April 2015 – The most hated day of the year is just a month away. April 14th, otherwise known as Tax Day, is responsible for making grown men weep, corporations crumble, and if evaded, can even land you in prison. Yikes.  

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Accounting For A Successful Exit

Accounting For A Successful Exit

Marko Mijuskovic, BA, MBA, MSIS, and CExP™, is in the business of making his clients’ numbers look better. Whether dealing with retirement planning or a business exit, Marko takes a holistic view of a client’s financial picture. This includes working through accounting, legal, managerial, and tax concerns – just to name a few – to create a comprehensive retirement strategy. Accounting for all the aspects minimizes the potential for any unpleasant surprises to tarnish the golden years, or compromise a promising deal.

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