Empowered Planning: Your Business Transition The decision to sell your business is a big one, and you’re far from alone if you’re thinking about making this kind of transition – here at Rehmann we are hearing from clients considering a move of this kind, either soon or in the not-too-distant future, and they understandably have important questions and concerns. Listen to the on demand webinar below if you are among the family-owned or closely held businesses considering selling...
As a business owner, you have to keep your eye on your company’s income and expenses and applicable tax breaks. But you also must look out for your own financial future. And that includes creating an exit strategy. Buy-sell agreement When a business has more than one owner, a buy-sell agreement can be a powerful tool...
As we discuss the importance of transition planning, business owners tend to invest more time in planning for a trip than planning for their business’s transition. Why is this? The short answer is that it is easier for owners to focus on the “here and now” than to plan for future changes to their organization. In fact, less than 15 percent of business owners have a plan for their business transition, even though more than half of them plan to transition in the next three-to- five years...
Thirty-five percent of small business owners plan to fund their retirement by selling their business. We developed a four-part webinar series to help you tackle the most common questions and concerns related to succession planning. This fourth webinar will show how maximizing proceeds from a sale or transfer of onwership is an important factor to consider when planning for the future. Gain useful inishgts on investing sales proceeds and planning to sustain your lifestyle and family wealth to aide in your succession planning process...
Eighty percent of business owners are not focused on maximizing value as they transition their business. Instead, they are focused on the effect the transition will have on family members, key employees, customers, suppliers and their community. While keeping key personnel in mind is important, only 15 percent of business owners who plan to transition from their business have hired, trained and developed a plan for employees to take over key operating responsibilities. We've developed a four-part webinar series help you tackle the most common questions and concerns related to succession planning...
Forty-eight percent of business owners and executives will transition out of their business within the next five years. We've developed a four-part webinar series help you tackle the most common questions and concerns related to succession planning. This second webinar will show why understanding the value of your business is an important factor when planning for the future. With examples of real succession solutions such as shifting ownership to family or key employees, external sales and the use of ESOPs, you will gain useful inishgts to aide in your succession planning process...
With more than $10 trillion in business value to be transitioned over the next decade, have you considered what your business’ future may look like? We've developed a four-part webinar series to help you tackle the most common questions and concerns related to succession planning. This first webinar will help you navigate through business succession planning and why it's important to get ready today. With examples of real succession solutions such as shifting ownership to family or key employees, external sales and the use of ESOPs, you will gain useful inishgts to aide in your succession planning process...
Whether you’re selling your business, acquiring a business, or merging with another company, retaining and engaging executives and other employees is a critical strategic move for a successful transaction. Here are five tips for motivating your key people, encouraging a high level of retention and engagement, and preserving the value of your business. 1. Communicate...
Whether you’re selling your business, acquiring a business, or merging with another company, retaining and engaging executives and other employees is one of the solutions for a successful transaction. Here are five tips for motivating your key people, encouraging a high level of retention and engagement, and preserving the value of your business. 1. Communicate...
Click here to check out this valuable tool for guiding succession planning conversations developed by Tom Deans from his book, Every Family’s Business...
At Rehmann, we strive to be The Firm of Choice not only for our clients, but for our associates as well. As our company grows – our team numbers 800 and counting – we continue to focus on training and development, to provide our clients the best solutions from the most knowledgeable team.
Here’s what Rehmann delivers: an outstanding environment full of professional challenge and reward; a culture based on putting people first and celebrating an entrepreneurial spirit; and opportunities to enrich the lives of those we serve. Passion, collaboration, and trust drive everything we do. If this sounds like you, we hope you connect with us for your next opportunity.
Kind Regards,
Randy Rupp, CPA
CEO
You'll be glad you did.