Introduction Last month, we went over the good side of creating an FLP or Family Limited Partnership.  This month, the Disadvantages and Conclusion to the article are discussed. Disadvantages Along with the advantages, there is a substantial downside, that downside…

How much did your home increase in value last year?  Depending on where you live, it may have gone up by 5 – 10% or more. How much did your stock portfolio increase over the last 12 months? By way…

Introduction Many people who own small businesses have heard the term “Family Limited Partnership” (FLP) at least once or twice and have some grasp of what the idea concerns.  The amazing thing, the terms Family Limited Partnership and FLP do…

A business owner who is thinking about selling his business sometime in the next few years recently asked me:  “How soon should I begin working with a business broker?”  My response was: “Probably a lot sooner than you think!” The…

Introduction Does your company have a policy handbook outlining the expectations of the company and employee conduct?  Whether your company is large or small, policy handbooks are a necessary instrument to your business. Policy handbooks save management time in resolving…

Most buyers are eager to “make their mark” once they’ve acquired a business.  But unless the business is losing money, or employees and customers alike despised the previous owner, it is generally a mistake for a new owner to make…