Coronavirus Aid, Relief, and Economic Security Act

The Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act” includes thousands of dollars in direct payments to most Americans and huge loan packages designed to help keep small businesses and corporations afloat. Here’s What’s In The Act Recover Rebates: Taxpayers will receive a one-time payment, which is being treated as advance refunds…

Transition Planning – Option 2 Family Succession

Transition Planning – Option 2 Family Succession Owners need to understand that conducting a family succession requires a very different path than an owner who is looking to sell to an outside party. Most family successions involve some form of gifting in order to begin transferring family wealth. It’s a different mindset than trying to…

Transition Planning – Option 1 Selling Your Business

Transition Planning – Option 1 Selling Your Business When it comes to selling your business, there are more issues to address than most people think. Here are a few key items that impact an exit strategy: Understanding the value. Value is unique to each company, dependent on your performance, economic conditions, competition, etc. You need…