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Larry Botts

"The last step in any worthwhile exit plan is wealth preservation planning, but that doesn't mean you should wait until you are out of the business to begin actively preserving your wealth. In fact, if you wait until the value of your... more

Mar 2, 2012 5:40 PM Business

"There may be nothing worse for a business than to have its owner suddenly die — especially if it's your business.Let's look at a hypothetical example of what can happen when an owner passes away unexpectedly.Mr.... more

Mar 2, 2012 5:40 PM Business

"How do you successfully transfer your business to a child, key employee or co-owner? The most successful method is to follow a recipe that mixes, in equal measure, three key ingredients: the ability, experience and dedication... more

Mar 2, 2012 5:40 PM Business

"Maximizing the amount of cash you receive upon the sale of your company is the business owner's equivalent of hitting the game-winning home run. To hit one out of the park, you must know what to do before you approach the batter's box.... more

Mar 2, 2012 5:40 PM Business

"A number of years ago, I met with the hypothetical Mrs. Kentucky, owner of the machine shop Local Machining Company, Inc. (LMI). She wanted out. I suspected that her severe case of "early onset burnout" was due to the departure of her... more

Mar 2, 2012 5:40 PM Business

"For many owners, the answer to one question determines their eagerness and ability to leave their companies: "How much is my business worth?" This question is indeed critical, and answering it is the second step of an effective seven-step... more

Mar 2, 2012 5:40 PM Business

"With over half of today's 9.5 million owners of established businesses reaching the retirement age of 50 years old or older, it is more than likely that many of you will be ready to leave your business within the next decade or so.... more

Mar 2, 2012 5:40 PM Business

When transferring your company to insiders, a low value can put dollars in your pocket. Owners of successful businesses valued between $5 million and $10 million face two difficult exit problems:... more

Mar 2, 2012 5:39 PM Business

The last step in any worthwhile exit plan is wealth preservation planning, but that doesn't mean you should wait until you are out of the business to begin actively preserving your wealth. In fact, if you wait until the value of your... more

Mar 2, 2012 5:39 PM Business

There may be nothing worse for a business than to have its owner suddenly die รณ especially if it's your business.Let's look at a hypothetical example of what can happen when an owner passes away unexpectedly.Mr. Kentucky... more

Mar 2, 2012 5:39 PM Business