What is Exit Planning?

What is Exit Planning?

“An exit plan asks and answers all the business, personal, financial, legal, and tax question involved intransitioning a privately owned business”.1 There is no one way to exit a particular business. Each business and its owner(s) have a unique set ofneeds &...
Burying Personal Expenses in Your Business – Pros & Cons

Burying Personal Expenses in Your Business – Pros & Cons

Business owners often “bury” some personal expenses in their business. Sometimes these expenses areminor and sometimes these expenses are major. Regardless, these are called “add backs”. Add backs to what? The gold standard in what a business is worth is referred to...