Blog Library

14 Key Elements of Successful Internal Business Ownership Transfers

Posted by Jane Johnson on Tue, Jan, 19, 2016 @ 04:00 PM

Selling or transferring your business internally rather than externally generally offers a distinct advantage: you already have an identified buyer or successor with a working knowledge of the business and an interest in acquiring it.

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Topics: Selling Your Business Internally, Internal Transfers, succession planning, internal sale of your business, choosing a successor, selling to your employees, Grooming a successor, passing business to my family'

Exploring the Benefits of Internal Business Transfers

Posted by Jane Johnson on Fri, Oct, 30, 2015 @ 11:30 AM

A recent article in National Driller magazine, “How Can a Driller Ever Retire? ESOPs May Help,” highlights the fact that business transitions are an issue across industries in the U.S. And while many people think they may sell their businesses externally, an internal transfer or sale may provide a better option for owners to achieve their financial and non-financial long-term goals. 

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Topics: family business planning, Selling Your Business Internally, Internal Transfers, exit plan, Family Business Transfer, ESOP, Employee Stock Ownership Plan

Strategies for Long-Term Family Business Economic Success

Posted by Jane Johnson on Thu, Oct, 08, 2015 @ 03:16 PM

Why are Family Businesses important to our economy? 95% of businesses in the US today are family-owned or closely held. 80% of those businesses have 20 or fewer employees. However, these businesses are responsible for contributing over 45% of our GNP (Gross National Product)! These vital members of our communities generate more new products, create more new jobs, and contribute more to your local communities than their corporate counterparts! However, almost 35% sell or liquidate – often failing to realize their intended value. 

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Topics: family business, Selling Your Business Internally, Internal Transfers, Family Business Exit, Family Business Transfer, succession planning, succession

Planning to Transfer Your Business Internally? Here’s What You Need to Know

Posted by Jane Johnson on Thu, Feb, 05, 2015 @ 10:34 AM

Business owners put off internal transition planning for many reasons, as we talked about in Top 3 Reasons Why Business Owners Don't Do Transition Planning. As a business owner, you've spent much of your life building a successful business, and it's probably difficult to think about passing it on to someone else. And oftentimes, owners become overwhelmed just thinking about it. However, the reality is, you will leave your business one day, whether it’s voluntarily or not. You may leave due to retirement, disability, or even business failure. Unfortunately, many business owners believe they can worry about a business transition plan at another time only to find out the hard way that later is too late.

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Topics: ownership transition plan, Internal Transfers, Business Ownership Transition Planning, selling a business, Family Business Transfer, succession planning, transition planning

Planning On an Internal Business Transition? 5 Reasons Why You Still Need an Advisor

Posted by Jane Johnson on Tue, Feb, 03, 2015 @ 03:30 PM

Family business owners often think the internal transfer process will be an easy one and the pieces will just fall into place but usually find out quickly this is not the case. Working with an advisor who is uniquely trained in business ownership transfers can help guide you through the process of developing and implementing a successful internal transition plan. An advisor can help you to:

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Topics: Internal Transfers, Business Ownership Transition Planning, business ownership, business planning, business owner

Everything You Need to Know About External vs. Internal Business Ownership Transition Planning

Posted by Kathy Richardson-Mauro on Thu, Apr, 24, 2014 @ 10:00 AM

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Topics: External Transfers, Internal Transfers

Should You Keep Your Family Business in the Family?

Posted by Kathy Richardson-Mauro on Tue, Jan, 21, 2014 @ 09:00 AM

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Topics: family business, Selling Your Business Internally, Internal Transfers

How to Exit Your Business Partnership on Good Terms

Posted by Jane Johnson on Tue, Jan, 14, 2014 @ 09:00 AM

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Topics: Selling Your Business Internally, Internal Transfers

How an Exit Planner Can Help You Transition Your Family Business

Posted by Kathy Richardson-Mauro on Tue, Jan, 07, 2014 @ 11:31 AM

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Topics: Selling Your Business Internally, Internal Transfers

The Advantages of Selling Your Business Internally

Posted by Kathy Richardson-Mauro on Wed, Dec, 11, 2013 @ 08:00 AM

If you are considering selling your business, you are probably seeking information regarding the advantages and disadvantages of the various selling options. There are advantages and challenges in any type of sale, but selling internally has many unique advantages that we will explore in more depth here. 

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Topics: Internal Transfers