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...
by Patrick Carroll, CFP®, CExP™ | Mar 2, 2019 | Transition/Exit Planning
If you have given some thought to one day selling your business to your employees but have also wondered how that might work, you are not alone. Meet “Jasmine,” a typical–but fictional–owner, who came to us with her questions about transferring her...
by Patrick Carroll, CFP®, CExP™ | Feb 16, 2019 | Family conflict
Divorce. Maybe you’ve been through it. We all know people who have. It’s tough under the best of circumstances and having a business in the mix is far from the best circumstance. But you don’t need to be worried that the end of your relationship means the end of...
by Patrick Carroll, CFP®, CExP™ | Jan 11, 2019 | About Us
Why Obsidian? “We hired you because you understand that we don’t separate our personal goals from our business.” Like so many of our clients, this business owner had interviewed multiple financial planners who could create personal financial plans, and even more...
