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Using Multiple Entities To Save Tax Dollars

Have you considered using multiple entities to save tax dollars for you home health business? We’ve met few business owners who believe they should pay more income taxes every year. Instead, most are frustrated with the inability to engage in meaningful income tax planning that reduces the annual tax bite. Take Thomas Lamplighter for example. […]

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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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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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My Lawyer Told Me Not to Do It!

My Lawyer Told Me Not to Do It!

Many business owners have called one of their brokers or advisors to complain that their lawyer (or CPA or financial advisor or insurance professional) told them that they should not even think of transferring their business to their child and key employees, but they want to do it anyway. If you’ve made this type of […]

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Tainting the Marketplace; have a Proper Exit Plan in Place, Before you Embark Upon a Sale

Tainting the Marketplace; have a Proper Exit Plan in Place, Before you Embark Upon a Sale

So, you’ve decided to sell.  Enter the “low hanging fruit”–the single buyer.  You are not putting your best foot forward with this sale unless you have 1) prepared your company for sale, 2) a thorough, professional confidential offering memorandum, 3) exposed the company to all interested  buyers simultaneously, possibly creating a buying frenzy, and 4) […]

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