In 2021, Walter and I both participated as Speakers in an impactful virtual exit planning conference 10X Live – The Exit Plan Summit, founded and hosted by today’s guest Scott Duke…

Today’s goal is to help you understand the importance of IRS Tax Form 8594 in preparing for sale of your business to a third party…

If you’ve listened in at any time in the past, you’ve heard us mention the certainty that all business owners will stop being business owners at some point, and so there is no better time to begin planning for the inevitable than the present. The earlier you begin planning, the more options you will have for a successful exit. However, like any strategic plan, it can be tough to know how and where to begin. So that’s our topic for today’s discussion: An Exit Planning Checklist for 2022

Today, we’re going to define a term or phrase that we that we use often that not all owners are familiar with and yet is very important to understand in building a business that’s sellable and then successfully exiting, Quality of Earnings.

This week, we received a letter from a listener asking us to help encourage her husband to begin planning for their exit from their business. And joining us to discuss this critical issue is friend and Attorney Stuart Sorkin.

Stuart is the founder of The Business and Legal Advisors, a consulting firm specializing in the financial and legal protection of business owners, executives, and entrepreneurs throughout the United States and overseas.

In the work we do, at times we’ll encounter a situation where it would be helpful for a business to reorganize their operations and their corporate structure, and in analyzing if a reorg would make sense, the tax implications and potential pitfalls need to be thoroughly considered. So, our topic today is Tax Implications of Corporate Reorganization

Due to the pandemic there are not a few reasons business owners are finding management of their employees more challenging than ever. Along with having to perform their job in a lot of new ways due to the pandemic business managers are expected to supervise remote staff make sure vaccination and testing requirements are met handle employee accommodation and leave requests as well as manage client and customer needs…

A key value driver for a business that will be sellable for a higher multiple is improving the sustainability of future cash flows with strong operating systems…systems that increase efficiency, effectiveness and consistency in all aspects of business operations… and there’s nothing more important these days when it comes to having the right systems in place…