Most people don’t venture into the idea of opening their own business with plans of closing, selling, or liquidating it. But sometimes, it is wise to develop an exit strategy for your small business beforehand. It can only benefit you to prepare for every future...
It’s vital to have a tax and business plan in place for the success of any company, especially one that is family-owned. Here are some critical concerns that family business owners should consider. 1. Do you have a plan? Without a strategy, your company has no...
Succession planning can be one of the most difficult issues faced by a family-owned business. As a business owner nearing retirement, how do you transfer leadership (and perhaps ownership) and keep the business running smoothly? Unfortunately, many businesses...
