Business Succession Planning – Three Tips to Avoid Unnecessary Drama
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...
Benefits of Hiring Interns
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...
Small Business Succession Planning Overview
If you’re thinking about small business succession planning in Md, you are thinking about what comes after. After you’ve taken your business as far as you can.After your children are old enough to take it over. After you take one of...
Business Exit Planning Explained
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...
Choosing a Retirement Plan for Your Small Business: Where Owners Should Start
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 {{{{link id='1141' text='preparing a business for sale'}}}}, but that wasn’t what was on...
The Best Retirement Plans for Small Business Owners with Employees
{{{{link id='1143' text='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...
Lifestyle Protector Process™
The Lifestyle Protector Process™ Small Business Financial Planning in DC, Maryland and Virginia You are a successful business owner, so it is clear that you know how to generate income. One day you run into your long-time buddy. The two of you started your businesses...
Transferring Your Business to Your Children (Part 2)
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 {{{{link id='1324' text='previous blog'}}}}. Today, we conclude this...
Transferring Your Business to Your Children
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...
