preserving wealth Archives - Your ExitMap

Impressions of Value in Exit Planning

John F. Dini — Tue, 18 Apr 2023 13:24:16 +0000

Business owners, advisors, and buyers frequently have widely different impressions of value when it comes to a business. The Pepperdine Private Capital Markets Survey canvasses intermediaries who sell privately held Main Street and mid-market companies. One question is about the obstacles that prevented the sale of a business. The number one response is “Owners’ unreasonable expectations of value.” That may be self-serving or an excuse. Nonetheless, valuation is a sensitive subject. Many owners have worked in the business for 30 or 40 years. They assume it will fund their next 20 years of retirement. Their target price is set only by their desired lifestyle after ... Read more

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Utilizing a NING Trust as Part of a Business Exit Strategy

Steven Zeller — Fri, 16 Apr 2021 00:49:08 +0000

The most commonly stated goals of an exit plan for a business owner are to exit their business on their terms, to receive the highest possible value (or their desired value), and to do so in the most tax efficient manner. It takes time to implement the process to accommodate those objectives. When a business owner rushes to sell their business many things can be overlooked including how to set up the exiting transaction in a way that minimizes taxation. Particularly in California, state income taxes are excessive in relation to other states, especially compared to states that don’t have any income taxes. For 2020, ... Read more

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Wealth Management for Business Owners

Pat Ennis — Tue, 01 Dec 2020 20:07:25 +0000

Wealth Management Considerations for Business Owners Small business owners are at times neglected by the wealth management community as the business is commonly (not always) the owner’s largest asset rather than a portfolio of stocks, bonds, and mutual funds. You’d be well-advised as a business owner to engage a Financial Advisor who is proactive and experienced in factoring your future plans for the business, into your overall plan for managing your wealth. Key Elements of Exit Planning Impactful wealth management for you as a business owner would include at least these elements of exit planning: Clarifying what “exit” means to you. For example, do ... Read more

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Preserving Family Wealth is a Generational Effort

Steven Zeller — Thu, 15 Oct 2020 20:20:37 +0000

Wealth within a family can be a double-edged sword. It can serve as an incredible resource to benefit its family members, but it can also be destructive and divisive. Destructive in the sense that if not properly tended to and respected, wealth can destroy the purpose and outcomes of individual family members, and divisive in the sense that it can damage the bond between family members and cause a splintering of the family. Wealth and the handling of wealth is a topic that has been discussed or written about throughout the ages, as it is mentioned in both the Old Testament and the Gospels within ... Read more

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