Many business owners are struggling right now, but there’s an opportunity for savvy professionals to use this time to take advantage of some estate planning tricks. Here’s what I mean.
The Keys to Strong Leadership During Crisis
Today I’ll share a few strategies that you, as your team’s leader, can utilize to enhance your team’s bond and ensure that you outlast this crisis and prosper long beyond that.
Navigating Estate Taxes
Estate taxes can become a large problem for those looking to pass their business down to the next generation. Here are three solutions to that problem.
How to Have a Good Team and Good Profits
I’m discussing how to not only have good people working in your business, but also how to profit from it. These two aspects must work together. I have two questions for you: How profitable is your company, and how good is your team? If you’re not as profitable as you should be and your team is not as good as it needs to be, what should you do? We frequently run into entrepreneurs who are running...
The Next Generation
If you want the next generation to keep your company growing, you need to apply the right financial analytics to it.
Selling Your Business to Outsiders
If you’re a business owner near the age of retirement, here are a few things to keep in mind about selling your business. There are lots of different ways of selling your business to outsiders. You can go to business brokers, finance people, investment banks, and so on. At Nabity Business Advisors, we’ll work with you to make sure that everything is packaged properly so that when the time comes...
How to Manage the Transaction of Stocks Between Family Members
In this installment of our series on transitioning stock, we’ll be discussing how business owners should handle the logistics of this deal. Welcome back to our series on how to transition stock from your business. As we mentioned in part one, which you can view here, transitioning stock to family members can be a tricky process. This is especially true when only some of your family members are...
How to Prepare to Transition Your Stock Before Retirement
If you want to learn about transitioning your stock upon retirement, this new three-part video series is for you. If you own and run a company, a time will come when you will need to transition your stock to a new shareholder. Even if you aren’t ready to retire yet, there are several steps you should start taking to prepare right now. We’ll go over a few of the most important steps in our latest...
How We Help Family Business Sales and Purchases
An independent third party can be extremely valuable to both business owners who are looking to sell and those who want to buy their businesses. Have you wondered about whether it would be a good idea to get somebody from the outside to come inside your business and help you get ready to sell it? Or have you wondered about whether it’s a good idea to get a third party involved to help you...
Do You Have a Plan in Place to Protect Your Company if a Key Shareholder Dies?
If your company has multiple key shareholders and one of them dies, what happens? We’ll discuss the potential outcomes, as well as how to plan for this unfortunate scenario, today. If you own a company with multiple stockholders, what happens when one of the key stockholders dies? Ideally, you should be prepared for this scenario before it occurs, and today we’ll share a few of the most...