by Todd Feldman, CFP®, CExP™ | Jul 8, 2019 | Succession Planning, Transition/Exit Planning
Google “exit planning”. Did you get about 29 million results? Now, discard those related to pulling troops out of foreign countries. You are still left with thousands of links to the websites of advisors that promise to help you exit your one-person or...
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 Todd Feldman, CFP®, CExP™ | Mar 20, 2019 | Transition/Exit Planning
Sitting down with a business broker without doing your homework is a risky move. It’s even more risky when, like most owners, your financial security depends on selling your business for the best possible price. What kind of risks could you be looking at if...
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 Todd Feldman, CFP®, CExP™ | Jan 14, 2019 | Transition/Exit Planning
In our article, Selling Your Business to Employees, we met “Jasmine,” the fictional, 63-year-old owner of a professional services company in the DMV-Washington D.C. area. She was considering selling her business to a group of her key employees. At our first meeting,...
by Todd Feldman, CFP®, CExP™ | Nov 9, 2018 | Transition/Exit Planning
Why Should I Work with a Business Broker to Sell My Business? It’s not uncommon to see “For Sale by Owner” signs in front of homes. Maybe your friend, family member, or even you have sold a home without an agent. It is unusual, however, to find the same sign outside a...
