A buy-sell agreement is a critical tool for owners of closely held manufacturing companies. It ensures an orderly ownership and management transition when an owner dies, becomes disabled, or otherwise leaves the company. And it creates a…
When it comes to business valuation, the methodology used to reach a valuation matters. The value of a tire manufacturer that has been in business for 70 years, with national distribution and a stable customer base, should…
Timing and Methodology Matters with a Business Valuation Like nearly every other area of business, COVID-19 has impacted business valuations as some American companies have seen revenues plunge and future projections become uncertain. For business owners seeking…
Cleveland, Ohio: Barnes Wendling CPAs is proud to announce team member Steven Piatak, CPA, CFF, CFE has been promoted to director. He joins Barnes Wendling CPAs’ team of 13 directors. Piatak started with Barnes Wendling CPAs in…
Selling your business can come with a lot of uncertainties In this Part 2 series we will further discuss if this is the right time to sell your business. Key items discussed: Basics of Business Worth and…
We originally published this article in 2018 but thought it relevant to re-share. We updated data for 2022. ESOP Overview An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that offers advantages to business owners…
We’ve repurposed and updated this article, originally published August 6, 2015. How is your business doing? “Good,” you say? But is your business really doing well? If you’re basing your response on a feeling instead of tangible measurements, you…
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