Individual Pension Plan

Individual Pension Plan

Patty (55) and Doug (56) own an manufacturing company with several employees. They were considering selling their business in about five years. They are concerned that the sale may not provide sufficient funds to meet their retirement needs, as they have not saved...
Employee Ownership Trusts

Employee Ownership Trusts

After 20+ years of successful operation, Don decided to retire and sell his oilfield services company. As the sole owner, he had always depended on his exceptional management team and dedicated employees to keep the business running smoothly and was struggling with...
The Pros & Cons of Sale Options

The Pros & Cons of Sale Options

Selling to an Outside Party A third-party (outside) buyer refers to an individual or entity that is not currently involved in the business and is seeking to purchase it. Business owners may choose to sell to a third-party buyer instead of an internal buyer, such as a...
10 signs its time to sell

10 signs its time to sell

Strong and Stable Financial Performance One of the most critical indicators is the financial health of your business. Potential buyers are attracted to companies that show consistent revenue growth, strong profit margins, and solid cash flow. Business PreparationYour...
When is the ideal time to sell?

When is the ideal time to sell?

Selling a business is a monumental decision, not unlike choosing the moment to harvest a ripened crop. Timing is everything. If you pick too early, you might miss out on potential gains; too late, and you could face depreciation in value. Here are some key factors to...