Currently, valuations are high and the market is very strong for middle-market businesses. As a business owner, it’s possible you have been contacted already by someone who appears to be interested in buying your business.
In this seller’s market, it is very likely that more and more potential buyers will be knocking at your door. How should you respond?
Successfully selling a mid-sized business is often as challenging as owning and running the business. For business owners, a successful sale requires careful reflection, professional assistance, and an understanding of what to expect during the transaction process.
Here are some of the key elements to consider when exiting the business, with a focus on selling:
By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services; and Dan Schulte, Vice President and Manager, Annuities and Insurance
Running a business with other people can be very rewarding and successful. Utilizing each of your unique abilities often leads to the best business outcome. This is usually because you and your fellow owners have unique skills that complement each other.
By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services
How to generate income in the current financial and interest rate environment seems to be a hot topic. Everywhere you look financial experts are debating if bonds still can be the answer, is real estate income too uncertain, should one look at alternative methods of income . . .? I don’t purport to know the answer to any of these questions.
By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client
On Tuesday, Jan. 20, 2015, President Obama delivered his sixth State of the Union address to Congress and the world. In his address, he proposed several new tax increases for high-income earners to pay for multiple “middle-class tax breaks” such as free junior college and credits for working parents.
Whether you believe these middle-class tax breaks are worthwhile or not,
By Shelby Schagrin, Vice President and Managing Director, Investment Banking
While large transactions often get a great deal of press, middle-market mergers and acquisitions comprise the majority of transaction volume and continue to grow. Transaction multiples continue to increase due to the competitive environment of buyers along with the lack of quality acquisition targets, according to Thomson Reuters. Median Enterprise Value/EBITDA multiples for U.S. middle market transactions increased to 7.2x in Q3 2014 from 6.2x in Q2 2014,
As the year winds down and you find yourself in the holiday hustle and bustle, our already hectic lives become even busier. Family gatherings, neighborhood parties, work functions, children’s school events and shopping — all compete for precious time. Despite the hectic holiday rush, it’s important to devote some time to essential end-of-the-year financial tasks. Here are a few money matters you should consider before heading into the New Year.
By Dan Schulte, Vice President and Manager, Annuities and Insurance
All businesses, regardless of their size, have key employees who are invaluable to the success of the company. In a small business, each employee usually has a more direct effect on a company’s profitability because there are fewer employees interacting with customers, creating products and performing services. As a result, the loss of a key employee due to death or disability can be especially difficult for small businesses to operate until a replacement employee is found.
October 20-26, 2014 is National Estate Planning Awareness Week. In 2008, prompted by the estimate that over 120 million Americans were without up-to-date estate plans to protect themselves or their families in the events of sickness, accidents or untimely death, Congress passed a resolution so recognizing the third week of October every year.