Insights: Mergers & Acquisitions

Failure to Plan Has a Price

I never worry about action, but only about inaction. – Winston Churchill “I haven’t decided what I ultimately want to do with my business, when I want to exit, how much money I’ll need, or whom to sell to. So how can I plan my exit? Besides, I don’t want to exit right now.” If…

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A Backup Plan for Family Business Owners & Their Successors

Owners preparing for any type of exit find that circumstances can—and often do—change. Intergenerational business transfers are no exception. The twist in family business transfers is that owners should have a backup plan not only for themselves, but for their successor as well. A Backup Plan For You. Let’s look at the most common causes…

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Exits Are Inevitable, Failure Is Not: Planning A Successful Exit

We understand that business owners are so busy addressing today’s economic challenges that they can overlook the critical task of Exit Planning. We also understand that, at some point, all owners exit their businesses. When that day arrives, owners want to exit on their terms, the most important of which are financial independence and choosing…

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Retire At Your Own Risk

Can you believe that the oldest Baby Boomers (who were born in 1946) will turn 70 this year? Although a lot of younger Boomers continue to be actively involved in the workforce, many older ones who started their own businesses are finally starting to retire. Removing a key person from daily business operations generally isn’t…

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Devise Your Exit Strategy – An Early Start Helps Ensure A Good Outcome

Every company owner needs an exit strategy — whether that involves transferring the business to family members or selling it to a management team or a third party. Regardless of the strategy you choose, the earlier you begin planning your exit, the smoother the transition will likely be. And if your ultimate goal is to…

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Family Business Planning – Handing The Torch To The Next Generation

Every family business must transition control to the next generation someday. But will the next leader be another family member — or is there a better choice outside the family circle? Successful succession plans don’t happen overnight. They take years (or even decades) of preparation, mentoring and training. So if you have borrowers that are…

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How Buy-Sell Agreements Can Ensure Continuity

If you own a closely held business with at least one other partner, certain steps can be taken to guard against business disruption if you or the partner unexpectedly dies or becomes disabled. One of the most important steps is to create a buy-sell agreement. A buy-sell agreement is a critical component of business continuation…

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Develop A Strong Business Succession Plan

Most business owners want to see their business continue to prosper, even after they have passed the mantle of leadership on to their successors. Unfortunately, many owners do not realize – or underestimate – the depth of planning that must take place to guarantee that a leadership transition does not cripple their business. Developing a…

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Strengthen Your Municipal Management and Credit Rating

Ratings agencies track the financial condition of bond issuers and update their ratings if and when necessary. Many credit ratings are upgraded or downgraded by these agencies each year. Such changes directly affect the cost of interest municipalities and taxpayers pay on their debt. Since the financial crisis of 2008, credit spreads, or the cost…

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The Importance of Succession Planning in Government

According to the U.S. Census Bureau’s Census of Governments report, the number of state and local government employees decreased 0.2% and 1.5%, respectively, from 2010 to 2011, the latest available data years. This decrease, seemingly a continuing trend, stems from many factors, such as early retirement incentives, government downsizing, and private sector opportunities. Today, with…

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