Friend of the firm, Derek Moffatt, Principal with Moffatt Financial Strategies, advises clients preparing businesses for successful exit strategies. This article offers guidance on how to “put the ‘no’ in nepotism”. Nepo Baby Business Planning By Derek Moffatt, CFP®, CExP™ The sense of pride in building a business and keeping it in the family can […]
The author provides a comprehensive overview of issues related to passing a family business from one generation to another. He also proposes a scenario where private equity is used to facilitate the transition. Keep in mind that most private equity groups require an EBIT-DA greater than $1 million. If your business is smaller than that, […]
Key quote: “When you have children in the business owning stock and children outside the business owning stock, there is a natural conflict.“ From Divestopedia: ******************************************* Kids Taking Over the Business? 8 Things to Consider By Josh Patrick Takeaway: Transferring ownership of a business is difficult. Transferring it to a family member makes it even […]
In assisting our family business clients in making the right decisions for the futures of their companies, K&A believes it is important to examine all options. This article highlights several issues to consider about passing a business to the next generation. ************ Corporate Governance: Keeping it in the Family When handing your company down from […]