Derek Solomon, Senior Manager and David Long, Director, at Corrigan Krause

In business, it is commonly known that “valuation is an art, not a science.” This essentially means that when creating a valuation analysis, it important to go beyond the numerical analysis and get to the story “behind the numbers”. This also refers to the “art” of valuation analysis, as there are a variety of important areas of judgment that will affect the ultimate conclusion. The business valuati Read More >>

Al Harsar, CPA

A not-for-profit organization needs to have a succession plan in place to ensure the continued existence of the organization during transitions of the trustees, in the same way that a for-profit business puts these plans into place.  Many not-for-profit organizations have a board of volunteer trustees that interact with the staff and make governing decisions that are in the best interest of the organization. Staff is usually comprised of an Executive Dire Read More >>

Mike Bigrigg, CPA/ABV recently gave a presentation on business valuations and succession planning. Here is what you need to know:

 

 

Two-thirds of businesses in the United States are owned by entrepreneurs over the age of 50. It is estimated that 10 million of those business owners will retire in the next 10 years. It is also estimated that 35% of those businesses will not sell due to poor succession planning. Only 1 in 4 closely held businesses have a formal success Read More >>

Tom Harrison, CPA shares his tips for successful transitioning of a family business:

 

 

Succession planning is defined as, “Making the preparations necessary to ensure the harmony of the family and the continuity of the business through the next generation.”

Succession planning may be the single most important process that a business owner enters into in his or her entire career. A successful transition is critical to his or her family but also is vital for the e Read More >>