How a Business Owner Can Utilize an ESOP to Exit Their Business
By: Steven E. Zeller, CFP, AIF, CExP, NQPC One of the more challenging steps for a Business Owner in planning their exit is determining the best option for selling their business, which is often based on their personal situation, goals for the company, employees, and family members. However, one of the more tax-efficient strategies and options for the sale of the business is the Owner selling to an ESOP or an Employee Stock Ownership Plan. An ESOP is a tax-qualified…
How Business Owners Can Increase Value in An Economic Downturn
By: Steven E. Zeller, CFP, AIF, CExP, NQPC Economic downturns can be stressful for business owners. It’s great riding the waves of increased business revenue and profit during economic upswings, but being prepared for downturns are just as important, if not more, for a few reasons: To make your company marketable from a selling standpoint, you will need to stay as profitable as possible during a downturn so your 5-year cash flow analysis remains strong while making growth in future…
A Methodical Way to Increase the Value of Your Business – As Part of An Exit Plan
Let’s face it, when you reach the point of your career as a business owner and becomes time to start planning your exit, you will ultimately want to exit your business by either selling it to company insiders, family, or to a third party, for the highest possible price, in the most tax efficient manner, and on your terms.
When is the Right Time to Get a Valuation of Your Business in Planning Your Exit?
As I have mentioned many times before when writing articles on business exit planning, doing a proper exit plan takes time and usually requires a methodical process. Over the years, I have developed an exit planning process that was manifested out of the knowledge of a comprehensive financial planning process, and what I have learned over many years of being a member of the Business Enterprise Institute.
