Successor Liability
Posted on Sep 26, 2018
Successor liability is the acquisition of debts and liabilities of the former entity owner to the new entity owner. This is common when an existing or new business purchases the shares or LLC membership interest of a company, or when two companies merge to form one entity, therefore transferring the future debts and liabilities...
California Moves Closer to 4a.m. Last Call
Posted on Sep 19, 2018
Your ability to bar hop until 4 a.m. hinges on Gov. Jerry Brown. The California Legislature on Thursday sent Brown a bill to allow bars in seven California cities, including Sacramento, offer a later last call. “It is a really overdue bill,” said Sen. Scott Wiener, a San Francisco Democrat who introduced Senate Bill...
Financial vs. Strategic Buyers
Posted on Aug 20, 2018
Whether you want to sell your business next year or a decade from now, you will have two basic options for an external sale: the financial or the strategic buyer. The Financial Buyer The financial buyer is buying the rights to your future profit stream, so the more profitable your business is expected to be, the more...
Business Valuation
Posted on Aug 10, 2018
Business valuation goes beyond simple mathematics. To get some idea of what your business might be worth, consider the three methods below. Your business is likely your largest asset so it’s normal to want to know what it is worth. The problem is: business valuation is what one might call a “subjective...
Six Reasons Not to Diversify
Posted on Aug 2, 2018
Diversification is a sound financial planning strategy, but does it work for company building? Have you ever wondered how Vitamix get away with charging $700 for a blender when reputable companies like Cuisinart and Breville make blenders for less than half the price? We know we have! It’s because Vitamix does just one...
You-Proofing Your Business
Posted on Jul 24, 2018
Making your business less dependent on you has a number of benefits: you can scale your company more quickly if you’re not acting as a bottleneck; you get more time to enjoy life outside of your business; and a business less dependent on its owner is much more valuable to an acquirer. Pulling yourself out of the...
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