May 2, 2016
So you’ve identified the exit events that can trigger a buyout. Yippee-ki-yay. Is that the end of the exercise? Of course not. (You knew it wouldn’t be, didn’t you?). Identifying when a buyout situation might arise is one thing. Having the funds for the payout is quite another. Chris Mercer sagely points outa number of business factors that could negatively affect your ability to muster the moola when the time for buyout comes: Being the minority owner needing to purchase the shares of a departing majority owner. Being the owner who needs the business for your livelihood, rather than having independent means to fund the purchase. Differences in health and age between the owners can mean that you have to come up with alternative arrangements if one is less insurable, and can also affect the time frame within which you need to come up with the funds If the business doesn’t have the funds to make the payout, the owners may need to reach into their pockets to do so. Loan agreements (and this was…
Continue ReadingImagine: You’re standing at a computer terminal in the basement of the County Clerk’s Office. Wondering if you’ve fallen into your own version of a Direct TV ad. Your hands are shaking a little as…
Read More“Can I? Can I?” I hear you asking. Well, you’re asking the wrong question. The issue is not whether you can download your client contracts from the internet, it’s whether you should. And once you do (because…
Read MoreWomen-owned businesses generate approximately $2.8 trillion dollars a year, according to a recent study done by the Center for Women’s Business Research. In gross amounts, that’s no chump change (I could do a LOT with…
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