Succession Planning

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socially responsible investments

Socially responsible investments may yield sustainable returns

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. Institutions, foundations and other organizations looking to invest reserves and endowment funds in socially responsible investment (SRI) vehicles have historically been faced with a trade-off between conscience and return. However, there is fresh and growing evidence that organizations looking to consider
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IPS

Investment policy statement: Essential documents for institutional investors

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. A well constructed investment policy statement (IPS) is an essential governing document that can significantly improve the oversight of your institutional investment funds. Unfortunately, the IPS is often overlooked and under-appreciated by financial professionals. Only about 10 percent of investment policy
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income

How disability insurance protects your most valuable asset — your income

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. Achieving your financial goals can rely on a number of factors. One of the most important may be your current and future income. Many people take their income for granted by assuming that it will continue as long as they need
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disability insurance

Disability insurance: Coverage vs. real benefits for employers and employees

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. When you start a new job and HR hands you your new benefits booklet, which page do you turn to first? Typically, health insurance decisions are the first you need to make — which plan, whom to cover, what deductible, health
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social security

Divorced-spouse Social Security benefits: Who can claim them and how

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. Lady Nancy Astor is said to have told Sir Winston Churchill: “Winston, if you were my husband, I'd poison your tea.” His reply: “Nancy, if I were your husband, I'd drink it.” We’ve talked in past articles about spouses coordinating their
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ABLE accounts

ABLE accounts: Tax-advantaged savings for people with disabilities

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. For years, tax laws have included tax-favored programs to save money for retirement (IRAs), for health care (HSAs), or for college (529 plans). But there have never been tax-advantaged savings plans specially designed for people with disabilities. That changed with the
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special needs trust

Special needs trusts: Improve quality of life without sacrificing benefits

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. Trusts are popular tools in financial and estate planning because they can help protect and manage assets for a variety of purposes. A special or supplemental needs trust (SNT) is a specific type of trust that focuses on providing financial support
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Brexit

Uncertainty and opportunity: Brexit, the election and evolving healthcare

Thought Leadership on Accounting and Finance presented by CliftonLarsonAllen. The waning days of the second quarter of 2016 brought capital market participants a surprise in the form of the Brexit, Britain’s momentous decision to leave the European Union (EU). We must acknowledge that the “leaves” outnumbering the “stays” in the
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Ally Solutions image for SmartCEO Thought Leadership

Hey, let’s partner on that!

Thought Leadership on Authentic Change Leadership – 'Shift Happens but you can lead it' presented by Ally Solutions Group. The term partnership is often overused and under-appreciated. You will hear people say “let’s partner on that” or “hey, we should get together and talk about how we can partner.” When
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Up in the air: Key value drivers for sellers in the cloud and SaaS markets

Thought Leadership on Growth to Exit Strategies presented by Falcon Capital Partners, LLC. Technology drives business innovation, and the last several years have seen businesses rapidly adopt innovations around cloud computing and software as a service (SaaS) technology. Companies continue to move away from big infrastructure investments in favor of
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Why an exit planning advisor is a worthwhile investment

Thought Leadership on Exit Planning presented by Stony Hill Business Brokers. Do you have an exit planning advisor? If you do, congratulations. You are in the minority, and you are wise enough to know how valuable this trusted advisor can be. Preparing a business for the eventual transition to a
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How much is your business really worth?

Thought Leadership presented by The Capitol Bay Group. A challenge we encounter when helping business owners through the financial planning process is that their biggest asset is easily their business, but they may not have a realistic expectation of what that business is worth. Most owners understand that their company
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Your guide to crafting a successful exit plan

Thought Leadership on Exit Planning presented by Stony Hill Business Brokers. The exit planning process has many stages and can often take years. The purpose is to prepare the owner for exit and to maximize the company's enterprise value in a mergers and acquisitions transaction. In addition, other non-financial objectives
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Why every retirement committee needs a custom charter

Thought Leadership on Strategic Human Resources Solutions presented by Sibson Consulting. A retirement committee without a charter is like a ship without a navigator — the crew won't know where they are going or how to get there. Unfortunately, many retirement committees do not have a charter, and even those
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What’s driving the value of your business?

Thought Leadership on Ownership Transition presented by Prairie Capital Advisors, Inc. Over 90% of all companies in the U.S. are closely held, and many of these are family-owned businesses. Because there is no liquid market for the equity in these businesses, there is some uncertainty when it comes to determining
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Your growth strategy is your best exit strategy

Thought Leadership on Growth to Exit Strategies presented by Falcon Capital Partners, LLC. A successful company exit starts with being able to achieve the owner’s strategic vision. That vision can only be realized by executing an effective growth strategy. So what about you? Are you planning on exiting your firm
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Don’t panic: How to keep a level head in the face of a volatile market

Thought Leadership on Corporate Financial Wellness presented by Raskin Gobal. The new year is upon us, and it's starting out with the usual investment volatility. But why is the current downturn happening? China, oil prices, Obama, Trump? The fact is, no one knows. Like many investors, you might be starting
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Exit planning: Failure to act has a price for your family

Thought Leadership on Business Exit Planning presented by Forecast Strategic Advisors. “I never worry about action, but only about inaction.” Winston Churchill Does this sound familiar? “I haven’t decided what I ultimately want to do with my business, or when I want to exit, or how much money I’ll need,
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Stony Hill image for SmartCEO

Do you know what your business is worth?

Thought Leadership on Exit Planning presented by Stony Hill Business Brokers. As with many things we own, a business has value to the current owner and possibly to a future owner. But what is that value? One way to measure it is to compare your business to other businesses that
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Binder of assets

Buying and selling businesses: What you need to know about allocating purchase price

Thought Leadership on Succession Planning presented by Leonard J. Miller and Associates, Chartered. Purchase price allocation is a critical part of the process when one business purchases another. Purchase price allocation, or PPA, is necessary when working through the execution of a transaction. Make sure you do your financial due
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Celebrating employees

The synthetic equity club: Retain and reward your key employees

Thought Leadership on Ownership Transition presented by Prairie Capital Advisors, Inc. Locating, hiring and retaining the best employees is an ongoing and often arduous task for owners of closely held businesses. As a company owner, you might be looking for ways to incentivize and reward your key management to encourage
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Woman alone on an island

I’m newly divorced or widowed, now what?

Thought Leadership on Wealth Management presented by Wealth Preservation Solutions, LLC. Getting divorced or becoming a widow can leave you with the unfamiliar responsibility of managing your finances. The period of time following a major life change can be difficult, confusing and overwhelming. Don’t rush into making any major decisions,
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"Are you covered?"

A brief refresher of your business liability needs

Thought Leadership on Succession Planning presented by Leonard J. Miller and Associates, Chartered. There are few responsibilities more challenging to navigate than owning a business. At some point, even companies supported by top-rated customer service teams will face difficult customers. Certain customer horror stories are passed around like gossip: these
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Businessman next to a sign that says "What's your plan?"

What are your ownership transition alternatives?

Thought Leadership on Ownership Transition presented by Prairie Capital Advisors, Inc. There are several paths you can take when it comes time to transition ownership of your business. How do you determine which one is right for you? For an owner of a closely held business, few questions require as
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Letters spell "Dream Team"

Building a strong deal team

Thought Leadership on Ownership Transition presented by Prairie Capital Advisors, Inc. Ownership transitions are complicated transactions requiring the skills and knowledge of a wide variety of deal professionals. Like a winning sports team, a successful transaction advisory deal team requires the contribution of individual players at the right time and
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a person in golden handcuffs

Golden handcuffs

Thought Leadership on Wealth Management presented by Wealth Preservation Solutions, LLC. Make sure your most talented key executives don’t leave when you need them most. Introduction: Joe Smith had built a successful business over a 40-year working career and was now ready to cash out and enjoy his Golden Years.
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People shaking hands

Earn-outs gone bad

Thought Leadership on Succession Planning presented by Leonard J. Miller and Associates, Chartered. Earn-outs are a common component used in the purchase of a business. They allow the buyer to shift some of the risk of purchase by overpaying the seller. The buyer withholds a portion of the purchase price
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Handing over a business contract image

Avoid the most common business succession planning mistake

Thought Leadership on Wealth Management presented by Wealth Preservation Solutions, LLC. An incomplete plan is worse than no plan. A few years back, a business owner came in to see me with a problem: He and his brother owned a landscaping and excavation business. He had been Mr. Outside, working
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