The number of small businesses coming onto the market has increased dramatically recently due in no small part to baby boomers eager to retire. A survey from Pepperdine University and two industry groups, M & A Source and the International Business Brokers Association, shows that small business sales have increased by over 50% in 2013 from the same time in 2012. Much of the increase can be … [Read more...] about More Boomers Selling Their Businesses
If you are a small business owner, the Limited Liability Company, or LLC, is one among several forms of ownership available for you to choose from. The LLC can be a viable option for both sole proprietorships and businesses with multiple owners, and it combines certain features of a partnership with certain features of a corporation into a business form that offers flexibility and protection to … [Read more...] about The Limited Liability Company
If you own a business and you want to see that business survive even after your death, you need a succession plan. And, if your business is co-owned, part of that succession plan should be a Buy-Sell Agreement. What is a Buy-Sell Agreement? A Buy-Sell Agreement is a contract that you and your co-owners enter into, while you’re all still alive and well - preferably when your business is … [Read more...] about Does Your Business Have a Buy-Sell Agreement?
When people consider buying a life insurance policy, they’re usually thinking of providing for their spouse and children in the event they pass away. But, if you’re a business owner, you need to know what life insurance can do for you. The first step is to envision what you’d like to have happen to your business if you passed away unexpectedly. If Your Loved Ones Will Take Over If you plan to … [Read more...] about Own a Small Business? Don’t Forget Life Insurance