Whether you simply refuse to struggle through one more recession or simply feel that it’s time to wrap it up, your exit is a life event with a bewildering array of options. Assuming you’ve built a business that has real staying power, you could sell it to your employees through an Employee Stock Ownership Plan (ESOP) or transfer it to your children to carry on as a family business. However if your retirement fund is essentially the business, you may want to know that it will produce the cash you will need for the next 10, 20 or more years. And that likely means selling the business to outsiders who will pay cash for it rather than giving it to the kids and hoping for the best.
…and the answer is: It all depends on who you ask. These days there is an explosion of startups seeking …
“Not for profit, not for loss.” That could be the logo subtitle for most of the successful nonprofit organizations still standing after the punishing funding environment of the past few years. It has given new meaning to the importance of building a strong donor base and getting members of the board of directors more involved in raising money for their organizations. In fact it has in many cases eclipsed the importance of oversight, the traditional role of corporate boards, now more commonly referred to as governance.
Good news for California workers comp insured companies – the state’s rates go down, and benefits go up. What’s not to like?
“No good or services were received in exchange for this contribution.” Nice, clear language. Often provided in receipts to donors by many nonprofits.
Significant marketing investments, such as the cost of developing a new web site or a branding project that will clearly benefit a company’s marketplace positioning for a significant period of time into the future may be considered intangible assets for accounting purposes, and may thus be amortized over their estimated useful lives, without regard to the timing of the cash transactions that paid for them.
Lots of small and mid-sized business owners have grown a fewyears older during this enduring recession, like the rest of …
I promised you some thought starters for those of you who want to get out of your business: retirement, diversification, …
I promised you some thought starters for those of you who want to get out of your business: retirement, diversification, …
I promised you some thought starters for those of you who want to get out of your business: retirement, diversification, …
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