Many attorneys serve as trusted advisors to small (often family owned) business owners and entrepreneurs to ensure that their businesses thrive and grow. Their business, legal and practical guidance helps the business owner to protect and enhance the value of the business and when it’s time to sell help with exit planning. Counseling Business Owners on Valuation, Community Foundations and Life Insurance…
Retiring Baby Boomers will sell or bequeath $10 trillion worth of assets over the next two decades. And many of these assets are held in over 12 million privately owned businesses that will be changing hands over the next few decades. Exit Planning for Business Owners A recent survey by PricewaterhouseCoopers found that only about 27% of private businesses have done ANY…