An Employee Stock Ownership Plan (“ESOP”) can be a very effective tool for transitioning ownership for construction companies. Unfortunately, many construction business owners are unaware of the benefits that ESOPs provide.
The owners of a closely-held business may be interested in exploring gift and estate tax planning strategies and, as part of the planning, need to know the value of the business.
The Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2021-03 (ASU 2021-03) detailing amendments to the rules for private companies ...
Many business owners in the construction industry have decided to pursue an Employee Stock Ownership Plan ("ESOP") as part of their exit strategy.
In this article, we discuss factors such as the importance of information sharing,
Oftentimes, the owner of a privately-held company invests years - if not decades - in building a successful business.
There are many moving parts in the day-to-day management of a business.
As you know, there are a lot of “moving parts” in the day-to-day management of a business. Between dealing with staff and patients, improving profitability, ...
For many business owners of privately-held companies, the transition...
Locating, hiring and retaining the best employees is an...
There are several paths a business owner can take when it comes...
Your business partner suddenly decides he wants to leave the
For owners of closely-held, service-based businesses...
There are several paths you can take when it comes time to...
As a business owner, the need to understand the current value
Over 90% of all Companies in the U.S. are closely-held and many of these...
If you’ve ever sold a home, you know how complicated it can be
For the owner of a closely held business contemplating ownership transition,...
