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Make Time for Annual Planning Meeting

Annual Planning Meeting for Home Health Care Business Owners

The annual planning meeting…Followers of our blog understand that Exit Planning is an ongoing process that begins with establishing your exit objectives and home care business valuation and ends with your successful exit. Along the way, you and your team of advisors focus on increasing and preserving business value and protecting business value from creditors. […]

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Identifying Home Healthcare Business Fundamentals and Putting Them in Order

Identifying Home Healthcare Business Fundamentals and Putting Them in Order

As we continue discussing how to close the gap between what you have and what you need, let’s look at business fundamentals and how to address them to build business value.  Business fundamentals are those basic housekeeping tasks that reduce your risk.  We want to put into place mechanisms to protect business value. Business fundamentals […]

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Family Succession Planning Via Sale to Third Party When Exit Objectives Clash

Family Succession Planning Via Sale to Third Party When Exit Objectives Clash

Many business owners facing imminent exit have the enviable but difficult choice of either selling the business to an outside third party and achieving their financial objectives or, conversely, transferring the business to loyal, motivated,  key employees or family. This is nothing more, or less, than a clash of exit objectives. Take John Conover for […]

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Estate Planning for Home Care Business Owners and Their Families

Estate Planning for Home Care Business Owners and Their Families

To avoid unnecessary taxes when transferring your home care business and estate to your beneficiaries, it’s important to understand tax laws and how to use them to your advantage.  But before we jump into this discussion, we need to define “estate” first. For federal tax purposes, an estate is everything you control at the time […]

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First Things First: Prioritizing Your Objectives

  You’ve got to be very careful if you don’t know where you’re going, because you might not get there–Yogi Berra It’s not always easy to interpret Yogi Berra. But perhaps he is pointing out how important it is to know exactly where you and your business are headed. There will come a time when […]

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Has Your Child Earned Ownership Interest in Your Business?  A Decision Framework

Has Your Child Earned Ownership Interest in Your Business? A Decision Framework

Stan Briggs was perplexed.  He told his advisor, “My son, Patrick, has worked in the business for the last twelve years. In that time, the business has tripled its revenues and its profits. I’ve started to think about scaling back my activity and I realize how important it is (for my own retirement income) that […]

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