by Patrick Carroll, CFP®, CExP™ | Aug 22, 2019 | 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™ | May 24, 2019 | 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™ | May 23, 2019 | 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™ | Apr 22, 2019 | 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:... 
by Patrick Carroll, CFP®, CExP™ | Apr 15, 2019 | Family Owned Business, Succession Planning
So you want to transfer your business to your children. Do you know if that child wants to own a business? Not to be insensitive, but have you assessed whether that child has what it takes to run a business? These are tough questions! We know, because we’ve stood by...
