by Patrick Carroll, CFP®, CExP™ | Family Owned Business, Succession Planning
How to Find Peace of Mind When Choosing a Successor for Your Business. Business Succession Planning: Making the life-changing decision to retire from the business you have spent your career building can feel daunting. It comes with so many questions to consider: what...
by Patrick Carroll, CFP®, CExP™ | About Us, Business Growth, Continuity Planning, Succession Planning
Do you have a long list of “special projects” that need to be completed? When you look at the list, do you think to yourself, “When are we ever going to get this done?” At Obsidian, we totally understand because we have an endless list of projects too! For us, we look...
by Patrick Carroll, CFP®, CExP™ | Retirement
We met “Luis” during the meet-and-greet following a chamber of commerce sponsored event for member business owners. My team and I had been part of an expert panel talking about preparing a business for sale, but that wasn’t what was on Luis’ mind. After introducing...
by Patrick Carroll, CFP®, CExP™ | Retirement
In our last article, we met “Luis,” a fictional business owner who asked us a very common question: How do I create a financially secure life for myself (and my family) after I leave my company in Baltimore? In a very personal way, he was asking a broader question:...
by Patrick Carroll, CFP®, CExP™ | Family Owned Business, Transition/Exit Planning
Last time, we discussed how to transfer your business to your children. We mentioned three of the five tasks we use at Obsidian during the family business transfer process. To recap, visit our previous blog. Today, we conclude this discussion with the two final tasks:...
