Tag Archives: Business Succession

12 Things You Need to Know About Buying or Selling a Small Business

When buying or selling a business there are many issues to consider and ultimately resolve in order to ensure that both parties receive what they have bargained for.

Every transaction is unique and will require the assistance of your attorney, CPA and other trusted advisors, but at a minimum, the following should be considered:
Confidentiality/Non-Disclosure Agreement When entering...
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Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...
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5 Steps to Take When Winding Down Your Business

There are many reasons business owners close up shop, including retirement, starting a new venture or, hopefully, because they’ve won the lottery.

No matter what the reason, it’s important to diligently wind down a business before moving on.

This process can be emotional and overwhelming, so here are five steps to take to start moving toward your...

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What Happens to Your Business When You Die?

Preparing your company for your incapacity or death is vital to the survival of the enterprise.

what happens to your business when you die by Davis Law Group PC

Without a plan in place your customers, employees, vendors and even your family can be negatively affected and the future...
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