Blog Library

Key Guidelines for Co-Ownership Business Transitions

Posted by Jane Johnson on Thu, Jun, 14, 2018 @ 01:54 PM

Forging a business partnership (co-ownership) can be a rewarding endeavor, both personally and financially. It usually starts out as a mutually beneficial relationship, based on shared vision and goals. And, generally partners foresee a long-term, successful affiliation. But like any relationship, a business partnership can also be complicated, especially if there are more than two partners involved. And invariably, the goals, timeline, and expectations of each partner will change over time, which is why it’s crucial to anticipate and plan for the eventual exit of business partners (whether voluntarily or not). The goal is to ensure that if one or more partners leave, the company will be able to successfully move forward.

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Topics: Partner Ownership Transition Planning, Co-owner transition planning, business partners, partnership dissolving

Small Business Sale Prices Reach Record Highs to Start 2018; Businesses on the Market Increases by 7%

Posted by Jane Johnson on Tue, May, 22, 2018 @ 04:49 PM

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Topics: Exodus of Business Owners, small business market, sell my business, baby boomer retirement, sale of a business, sell my business 2018

Are You Prepared to Sell Your Business Before the Next Economic Downturn?

Posted by Jane Johnson on Tue, May, 01, 2018 @ 08:04 AM

According to’s First Quarter 2018 Insight Report, the first quarter of the year showed continued strong business sale activity, with record-breaking sales prices and number of transactions. Small businesses sold for a median sale price of $245,000 which was the highest median sale price since the company started tracking the data in 2007 - a 3.4% increase from the same period a year ago. 

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Topics: next recession, economic downturn, sell your business, how to sell your business

Prepare for an Exodus of Business Owners

Posted by Jane Johnson on Wed, Apr, 25, 2018 @ 11:03 AM

The Details:

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Topics: baby boomer business owner, baby boomer retirement, baby boomers, baby, Exodus of Business Owners

Business Owner Webinar: Can Your Business Survive a Lawsuit?

Posted by Jane Johnson on Thu, Apr, 19, 2018 @ 11:50 AM

Join BTA for our free Business Owner Webinar all about Risk Management and Insurance: Critical Components for Maximizing Your Business Assets

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Topics: risk management, can your business survive a lawsuit

How New Tax Reform Law Will Impact Selling Your Business

Posted by Jane Johnson on Mon, Mar, 26, 2018 @ 06:03 PM

About the Tax Reform:

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Topics: tax reform

Which Business Transition Strategy is Right for You? 

Posted by Jane Johnson on Mon, Mar, 19, 2018 @ 05:16 PM

An Overview of Business Ownership Transition Strategies

Owners often believe that when the time comes for them to retire, they’ll simply sell or pass on their business and move on to the next phase of their lives. The reality is it’s a complex process not an event. When considering selling options, owners typically focus on the financial considerations, often assuming that the higher the sales price, the more they will net – but that might not necessarily be the case – 30% to 50% of the sale proceeds could be consumed by taxes and fees. Thinking about selling to a third-party buyer? Did you know that only about 25% of businesses that go on the market actually sell? Or, maybe you want to pass your business on to your children. Did you know that less than one-third of family businesses survive the transition from first to second generation ownership?

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Topics: warren buffett, planning business transition, Free Business Transition Resources, business transition, internal business transition, external business transition, ESOP, selling my business to a third party

Small Business Transactions Reached Record Highs in 2017, Up 27% from 2016

Posted by Jane Johnson on Thu, Mar, 08, 2018 @ 01:30 PM

The Details:

According to a recent report, a record number of small businesses changed hands in 2017, up 27% from 2016. 2017 represents a significant increase, with 9,919 closed transactions reported compared to the 7,842 in 2016. This year-over-year growth rate is the largest since 2013.

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Topics: small business market

Big Shoes to Fill – What to Do When Succession Requires More than One Successor

Posted by Jane Johnson on Fri, Mar, 02, 2018 @ 11:01 AM

In our recent article, “Warren Buffet, Mortality, and the Importance of Succession Planning,” we discussed a few aging, high-powered CEOs at publicly traded companies, and the challenge of finding their successors. Two of these stories highlight an interesting challenge when it comes to replacing certain chief executives – sometimes it takes more than one person to replace the skill set, experience, expertise – and even charisma – of the outgoing leader.

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Topics: choosing a sucessor, warren buffett, succession, Grooming a successor, family business successors, succession planning

Warren Buffet, Mortality, and the Importance of Succession Planning

Posted by Jane Johnson on Wed, Feb, 07, 2018 @ 04:37 PM


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Topics: succession plan, warren buffett, baby boomer retirement, aging CEO, Grooming a successor, choosing a sucessor, baby boomer businesses, baby boomer business owner