When valuing a business, it is important to identify and understand the economic value of the business. The economic value of a small business will typically be substantially different from the book value and from the tax mitigated value.continue reading
Contingency Plan Example
Generally speaking, a business owner's company is the largest financial asset that the owner has. More often than not the business owner is relying on the sale of the company to fund his or her retirement, With proper planning, the owner can successfully transfer or sell the business to the chosen successor, within the owner's desired time frame and for the money the owner wants or needs to provide a financially secure post-business lifestyle.
Pre-Sale Planning, also referred to as Value Driver Planning, focuses on building and protecting business value in specific areas of an owner's business to close a financial gap between the current value of the business and the value necessary to achieve the owner's financial objectives after leaving the business.
contingency plan example https://labusinesspros.com/business-advisory-services/pre-sale-planningcontinue reading