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Have You Created a Transition Plan for Your Business

Fred Hopkins |
My Business
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Busting the four myths of business succession planning.Planning for business transition doesn’t mean giving up control of your company.Succession planning isn’t a distraction, it’s another component of protecting and strengthening the legacy you’ve built.As a business owner, you owe it to yourself, your family, employees, and customers to plan ahead.If you are a business owner who has put off creating a transition plan for your business, you are not alone.

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When Family Business Owners Get Divorced

Karen S. Piershalski, ASA |
My Business
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Valuation is key to the equitable distribution of your business. The inclusion of a family business in your divorce proceedings can make things a bit more complicated.Selling the business and splitting the assets, or one spouse buying out the other, are two options to consider.When a buyout is involved, it requires a business appraisal as well as a strategy to fund the buyout.Navigating the emotional and financial challenges of a divorce can be daunting enough.

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