If you’re a retiring shareholder who wants to sell your company stock to younger employees or future company leaders, an Employee Stock Ownership Plan is one the most tax-efficient ways for you to sell your business and retire.
Read MoreCreating the Best Compensation Packages for Your Management Team
If you run and own a company, you know that it can be a real challenge to figure out the compensation package for your management team.
Sometimes, your management teams are family; sometimes they’re not. Sometimes you may want your management team to become stockholders.
Oftentimes if you build a compensation plan that is too rich and performance isn’t associated with the money the management team is making, then the company can begin to drift financially.
Read MoreHow to Transition Out of Your Company When You’re Ready
Starting a company is one of the biggest decisions you’ll ever make in your life, and your hope is that at some point in time, it will grow to the point where it has real value and you can sell your share of stock, retire, and do whatever you want in your later years.
Read MoreTransitioning Your Estate Fairly to Your Children
If you own and operate your own company, you know what a challenge it can be to develop an estate plan. You might have some kids who work in the business and some who don’t, or you might have an in-law who works in the business and other kids who don’t.
What do you do if the business is 80% of your estate, though? Are you going to give it to the family member who’s owning and operating the company and not the others? If you do, that probably won’t make for a very happy Thanksgiving or Christmas dinner.
Read MoreThe 4 Things We Strive to Accomplish With All Our Clients
We’re passionate about what we do, and we evaluate ourselves based on the results we get with our clients. There are four things we want to accomplish with any clients we work with:
Read MoreWhat Does Nabity Business Advisors Really Do?
I’m often asked what Nabity Business Advisors is really all about.
I like to tell people that clients hire us to quarterback a lot of the big, strategic planning issues that they have with their companies. They typically have great attorneys and accountants, but they need an expert to help them analyze and strategize the big-picture things.
Read MoreHow We Help Create a Thriving Future for Your Business
We’re here to just to help you create a succession plan that goes smoothly. When the time comes, we’re here to make sure your business is thriving and in good hands when you walk away.
Read MoreHow a Buyout Agreement Could Save Your Business
If you own a business with a partner and you have not planned for a catastrophe, then you could end up creating a huge mess down the road if something should happen.
For example, if you own a company that’s worth $5 million and you and your business partner both own 50% of the company, then both of you would have $2.5 million in your estate. What happens if your business partner dies?
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