Latest Article:
June 13, 2024Choosing an Advisor
Recent Article:
June 12, 2024Passing Down Family Wealth
Recent Article:
June 5, 2024FAQs
Filter By Category: Business Exit Planning

As a business owner, your professional and personal lives are intertwined and inherently connected to your business. With their identity largely tied to what they do professionally, many owners face confusing and conflicting emotions when leaving their company. Selling a business can be one of the most significant decisions of your life. The first step to planning for your exit is finding mental readiness.

May 15, 2024 Business Exit Planning

In the game of entrepreneurship sometimes the market throws a curveball, and your business valuation is less than what you had expected. Instead of striking out, have a contingency plan in place. It’s good to hope for the best but be prepared to adjust your expectations downward if the valuation of your business comes in lower than expected.

Mar 22, 2024 Business Exit Planning

Business owners are on the hook for a lot: the full 15.3% self-employment tax, the cost of healthcare, building your own nest egg without the matching employer contributions to retirement plans often referred to as “free money” for employees. It’s no wonder that investing for retirement isn’t a top priority for some business owners who are busy trying to grow their business’ value.

Feb 12, 2024 Business Exit Planning

*The following article was contributed by Greg Maddox, Senior Business and Exit Advisor at Cultivate Advisors Every business owner will exit at some point, and we all hope it will be on our own terms and timeline. However, only 20% of those who try to sell actually do. Well, why is that? Most business owners aren’t actually preparing their business for a sale.

Sep 08, 2023 Business Exit Planning

Are you looking for clarity, conviction and unfiltered advice about your wealth?

You’ve come to the right place.

Most business owners will agree: scaling a profitable business is not easy. It takes a strong vision, sufficient capital, the right leadership and great talent to build a valuable business asset. Even if you never decide to sell, creating a profitable business asset is an incredible way to build wealth. However, many business owners lack the right playbooks and resources to unlock the wealth trapped in their business.

Aug 17, 2023 Business Exit Planning

Usually, owners of pass-through entities pay federal and state income taxes on the net income “passed through” to them on their personal tax returns. The business entity itself does not pay income taxes. Virginia’s General Assembly developed a system where the business entity itself is taxed at the state level, effectively allowing a federal deduction for the full amount of income taxes paid to the state.

Jul 17, 2023 Business Exit Planning

Usually, owners of pass-through entities pay federal and state income taxes on the net income “passed through” to them on their personal tax returns. The business entity itself does not pay income taxes. Recognizing that combined state and local income taxes plus property taxes generally exceed $10,000 for many business owners, some states have developed a system where the business entity itself is taxed at the state level.

Jun 20, 2023 Business Exit Planning

As a successful professional selling or exiting your business, selecting the most appropriate strategy for you is critical for achieving not just your potential for wealth, but your potential for living.   1. Strategic (Industry) Buyer  Strategic buyers often pay the highest price, however, may restructure the acquired company.   2.

Apr 30, 2023 Business Exit Planning

Subscribe to Monument #Unfiltered – It’s Free!

Get our straightforward, no B.S. wealth advice delivered straight to your inbox no more than 2x per month. Specifically tuned for high-net-worth business professionals and investors. Unsubscribe anytime with 1-click.