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Separating YOU From Your Business

Trevor Hood on March 4, 2015 in Advice for Business Owners

Previously, I wrote a blog about business value drivers and how certain factors can impact the value of a business. Now I’d like to address what is probably the biggest value driver in any small to medium enterprise – you as the business owner.

Taking Care of Estate Issues

Michael Kee on November 3, 2010 in Strategy for Corporations

Generally, you are expected to dispose of all your assets at fair market value (“FMV”) upon your death. If the assets go to the surviving spouse or to a spousal trust, then there isn’t a deemed disposition at FMV until their death. A spousal trust is set up for the benefit of the spouse while … Continued

Questions You Should Ask Yourself About Succession

Michael Kee on July 7, 2010 in Advice for Business Owners

Over the next 10 years, many owner/managers (i.e. the boomers) will face a major decision in their business life: “what to do with my business?” Years ago, most businesses would be passed on to the next generation, but not today. Before you even start a succession plan, ask yourself three key questions: When? — You … Continued