Business Succession

Valuing a Small Business for Sale

by Brooks, Tarulis & Tibble | Jan 10, 2022 | Business Briefs, Business Law

When the owner or owners of a closely held small business decide its time to sell or are approached by a potential buyer, the first order of business should be determining the business’ value or the value of the selling owners’ interest. Innumerable factors are...

Estate Planning is Tax Efficiency and Wealth Management

by Douglas Tibble | Dec 29, 2021 | Business Briefs, Estates, Taxes, Trusts & Estates

To many people estate planning is merely preparing a will to tell your executor what to do with what you own when you die. But, estate planning is more than just drafting a will. It includes tax efficiencies, wealth preservation, asset protection, efficient asset...

Buy/Sell Agreements for Small Businesses

by Brooks, Tarulis & Tibble | Dec 14, 2021 | Business, Business Briefs, Business Law, Contracts

Each business, or at least its ownership, has a life cycle and particularly with multiple owners it is important to consider at the business’ inception how the business may end or an owner leave. While the law provides a mechanism to end a business or one’s ownership,...

by Brooks, Tarulis & Tibble | Nov 18, 2021 | Business, Business Law, Contracts, Family Law

Your business supported you and your family, and when it’s time to retire, proper prior planning can enable it to also support your retirement. Successful business succession planning should begin well before you are ready to retire in order to maximize value for you...

Business Reorganization Versus Liquidation

by Brooks, Tarulis & Tibble | Feb 9, 2021 | Business, Business Briefs, Business Law, Taxes

When confronted with overwhelming financial difficulties, owners often consider whether it is better to reorganize or liquidate their business. In making that decision, owners have many factors to consider, including: Nature of the Economy. Is there a place for your...