Sooner or later, you must pass on your business or wind it up. If nothing else, illness, death or old age will eventually force your hand. But most owner managers...
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Rules of thumb and financial analysis tools are critical for real estate professionals. They provide the basic building blocks needed to understand appraisals and valuations, to compare investment opportunities, to...
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All business partnerships end eventually. If nothing else, death or retirement will eventually end a partnership. What follows is a checklist of issues to be considered when buying out a...
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Many owner managers include senior employees in their succession plan, either because of previous commitments, because they feel the employees “deserve” the opportunity, because the represent the best possible buyers,...
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Company Letterhead To: All Company Directors As President of the Company, I hereby certify to all members of the Company board of directors that the Company has accrued, collected, remitted...
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One recent survey confirmed that a majority of owner managers intend to pass the business on to their children, but less than 30% have a succession plan. It is also...
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The subject of directors’ roles, duties and liabilities has been thoroughly canvassed in several books and journals.[1] Much of that material is aimed at directors of public companies or not-for-profit...
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Introduction One important purpose of a shareholder agreement is to modify the decision-making matrix provided by the company’s enabling legislation (the “Act”) or the voting matrix provided for in the...
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Exit planning is a broad and complex topic. The right plan depends on the business and the needs and wants of the owner manager. You need to take the time...
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