Hawkins Conrad joins BGW

Tougher Rules for Family Partnerships

For several decades, estate planners have been utilizing family limited partnerships (FLPs) and family limited liability companies (FLLCs) as “creative” planning tools to effectively discount… Read More…

Put Succession Planning at the Top of Your To-Do List

“So what happens when you die?” That’s a question that catches a lot of clients off-guard, but it’s one I’ve found to be pretty useful…. Read More…

Not So Fast: What you need to know before you sign a non-compete agreement.

Selling your closely held business has its perks.  Whether you’re looking to gain cash or stock and diversify your assets, or just simplify family relationships,… Read More…

Changes in Social Security Regulations Prompt Changes in Retirement Planning

Planning for retirement has never been easy, but changes to Social Security this year are making things all the more difficult. Late last year, Congress… Read More…

7 Root Causes of Delegation Issues

If DIY is your CEO mantra, you’re doing it wrong. A manager’s role is two-fold: to increase productivity and to raise up the next generation… Read More…

Weighing the Costs: Converting from C Corporation to S Corporation Status

Converting from C corporation status to S corporation is a common change in business due the beneficial tax attributes afforded to shareholders. C corporations are… Read More…

Declaring Independence

The Declaration of Independence is rightly called the founding document of the American political tradition; it articulates the fundamental ideas that form the American nation…. Read More…

3 Common Exit Planning Mistakes and How to Avoid Them

When it comes to selling a business and exit planning, all of the mistakes are made in advance—in the many years the business operated without… Read More…

Increase Business Value in 3 Steps

If you are like most business owners, your net worth is likely 85% related to your business’s value , (see earlier post) also link to… Read More…

How Much Is My Business Worth? Part II

In an earlier post, I discussed the different reasons a business owner might do a business valuation. There are many great articles that describe different ways to sell your business, including one by the Wall Street Journal. In this post, I’ll discuss the different ways a buyer might value your business for purposes of sale.