Mar 28 Why Business Succession Planning Is Important
Your business represents a big part of your wealth. Here's why you need to protect it with a succession plan, so that you can ensure the business retains its value after you're gone. ...
Jan 03 Now Is the Time for Business Succession Planning
According to several national surveys of closely held business owners, approximately three in five do not have any business succession plan in place. At KRS, we specialize in advising owners of family and closely held businesses and our observations are consistent with the survey results....
Aug 05 Prince Died Without a Will – Why Estate Taxes Get Complicated
Shortly after Prince’s death, rumors surfaced that he died without a will. In fact, every now and then we hear of a famous celebrity with a significant estate, who died without a will. So what does that exactly mean for the family of the dearly...
Jul 05 Structuring a Business Sale to Minimize Income Taxes
In a business sale, transaction structure can have a huge impact on the amount of taxes paid. With the proper structure, income taxes may be reduced by as much as 50%. This post discusses issues to consider when structuring a business sale....
Jun 10 Considerations in Buying a Business
I have helped many clients purchase businesses, and probably advised just as many to walk away from deals. What makes a deal good and what are the important factors in evaluating the purchase of a business? If you are considering purchasing a business,...
Feb 09 Why You Need a Business Valuation
When is it necessary to have a business valued? There are many more reasons than you think!
- The most common need for a valuation arises in the purchase or sale of an existing business. Whether the entire business or a partial interest is being sold, a good valuation is a necessity.