Wilmington Trust, M&T Investment Banking, and Family Business Magazine hosted a business valuation webinar on May 23. The webinar provided a comprehensive look at how to value a company, including: how valuation methods, shareholder goals, competitive positioning, and market dynamics all play a critical role in yielding the best results for privately owned family businesses.
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.
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.