3 Levels of Assurance – What is Right For Your Business?
October 4, 2022
Every business has financial statements, and when you (hopefully) begin discussions with a potential buyer, they will undoubtedly want to see them. The quality of those financial statements will make a big impression – what will your financial statements say about your business? And how confident can a potential buyer be that they are accurate? […]
Estate Planning Strategies in a Higher Interest Rate Environment
September 13, 2022
For most people, an estate plan’s primary goal is to help ensure assets go to the intended beneficiaries in a manner that lessens the burden imposed on their heirs. For many, there is also the goal of reducing taxes. When this is the case, interest rates can play an important role. Therefore, it is important […]
Your Restricted Stock Just Vested: Should You Sell Now or Wait?
August 16, 2022
Restricted stock is a key part of many stock-based compensation plans. Unfortunately, you can’t control when it vests (i.e., becomes yours to keep). When it happens in a down market, it certainly doesn’t feel good. And depending on your industry, your stock may be down a lot more than the market, which feels even worse. […]
3 Common Objections to Exit Planning
August 9, 2022
For many business owners, exit planning does not usually make the to-do list. Not enough time, retirement being many years away, or some other reason – there are plenty of excuses owners cite as to why they have not addressed exit planning. With most business owners reliant on their company’s value to fund retirement, why […]
You Are Ready to Sell Your Business but Is Your Business Ready to Sell?
May 10, 2022
For most business owners, their business is their biggest asset. It is what they pour the most amount of time, energy, and resources into. Every owner will transition out of their business at some point, but many businesses are not ready to be sold. The retirement plans of most business owners are heavily reliant upon […]
An Introduction to Phantom Stock and Stock Appreciation Rights
February 22, 2022
Providing equity is one of the best ways for companies to attract, retain and motivate top talent. Equity-based compensation can align the goals of key employees with the organization, ultimately increasing motivation, retention and results. However, it’s not always easy to give actual ownership, especially if the shares are illiquid, cash is tight, or existing […]
3 Reasons You Need a Business Valuation
February 1, 2022
A full business valuation – many business owners hear those words and cringe. Hours of data and document gathering, coupled with a hefty price tag, only for someone to provide an estimate of their business’ value that they already have a good handle on. Why would anyone do that? What are the benefits? There are […]
Is Your Business Worth What You Think It Is?
December 14, 2021
We have all been there – you see a nice sports car, fire engine red, and think to yourself, “Wow, what a beautiful car!” What makes it a nice car? Just the way it looks, or does knowing there is a ton of horsepower under the hood also make it desirable? But what if you […]
Tax Increases and Stock Options. What Does This Mean for You?
November 9, 2021
With possible tax increases coming soon, what does that mean for your stock options? A new bill could be passed at the 11th hour, and with year-end approaching, now is the time to analyze how this may impact you. Stock Options – A Brief Overview Stock options give employees the right to buy company stock […]
Business Owners – Is Your Buy-Sell Agreement Ready to Go?
October 19, 2021
When owning a business with others, it is very important to have an up-to-date buy-sell agreement in place. A buy-sell agreement is a legal document that outlines what happens in a business with multiple owners in the event of termination, disability, divorce, or death. Many business owners admit that they either don’t have such a […]
The Wall Street Journal interviews Matt Foltz Regarding New Tax Proposal
October 5, 2021
BDF’s Matt Foltz talks with Laura Sanders of The Wall Street Journal how the proposed tax changes will affect business owners in the article Capital Gains and Capital Pains in the House Tax Proposal.
Leaving Your Job? 4 Executive Compensation Considerations
August 17, 2021
Thinking about leaving your job? You’re not alone. 2021 is turning into the “Big Resignation,” with millions either quitting or thinking about leaving for greener pastures. If you are a professional falling into this camp, what does that mean for your Executive Compensation? Here are key considerations if you’re thinking about making a leap. 1. […]