Transaction Advisory
The Benefits of an Employee Stock Ownership Plan in Succession Planning
The Professional Contractor | AAFCPAs’ David Consigli, Director of Business Valuations, offers guidance on The Benefits of an Employee Stock Ownership Plan in Succession Planning (ref. p22)
You’ve named a successor for MP. Now what?
AccountingToday | Jack Finning, CPA, CGMA comments on Succession Planning trends, saying: “it is critical for [organizations] to develop a plan that allows the business to continue in an efficient way and one that appeals to young leaders…”
Don’t Let a Generation Gap Derail your Succession Plan
Experience and expertise are two leadership qualities that business owners and CEOs earn after decades of managing through their industry. Baby Boomers who have grown their company and see retirement in the near future may be wary that the next generation – often those of Gen X or the Millennial set – approaches leadership from […]
The Benefits of an Employee Stock Ownership Plan (ESOP) in Succession Planning
Succession planning can be a challenge for privately-held business owners. Finding the right buyer can be difficult and time consuming. In some cases, owners may want to transition their business to their current employees, but the employees may not have the financial means to consummate a sale. An Employee Stock Ownership Plan (ESOP) may be […]
Nonprofit Valuations: Transactions Requiring an Accurate Valuation of Your Nonprofit
Did you know that nonprofit organizations, like their for-profit counterparts, can benefit from an independent business appraisal? AAFCPAs advises nonprofit organizations to obtain a business valuation from a qualified, accredited appraiser under the following circumstances: Converting from nonprofit status to for-profit status – There are necessary procedures when companies no longer desire nonprofit status and […]
Best Practice Recommendations for Business Valuations During Divorce
The divorce process can be stressful and emotional. There are many financial decisions to be made especially when there is a family owned business involved. A family business can have significant value and be the largest family asset or it can just be a source of income providing the owner with a job. When there […]
IRS Section 2704 Proposed Regulations Could Eliminate Significant Estate Planning Technique for Family-Controlled Entities
The IRS has issued Proposed Regulations under Internal Revenue Code § 2704 that may dramatically reduce the ability to apply discounts in valuing the interests of many family-controlled entities for estate gift and generation skipping tax purposes. Specifically, the proposed regulations may significantly restrict the application of lack of control or marketability discounts in determining […]
AAFCPAs’ Joy Child Earns Business Valuation Credential
AAFCPAs’ Partner Joy Child, CPA, ABV, PFS, has been awarded the Accredited in Business Valuation (ABV) Credential by the American Institute of Certified Public Accountants (AICPA). Joy brings over 30 years of diverse experience to AAFCPAs’ clients, and she was awarded the ABV credential in recognition of her earned expertise in business valuation, and her […]
5 Valuation Issues Every Buy-Sell Agreement Should Address
A Buy-Sell Agreement, also called a business pre-nuptial agreement, or a business will, is a legal document that is used as the mechanism governing business owners upon the exit of an owner. Buy-Sell Agreements create the necessary road map to make these exits less stressful by minimizing disruptions, and avoiding conflict. The price to be […]