I’ve said many times that, if you are so foolish as to have a fixed price buy-sell agreement, it is necessary to reset the price on a regular basis. What I should have said is that if the price on a fixed-price buy-sell agreement is reset regularly, it is absolutely necessary that it be a price that is appropriate for all shareholders, whether they are future buyers or sellers under their agreements.
A long-time friend, William [not his real name], an experienced business appraiser, called me to relay a true story about how one buy-sell agreement went really bad for his family.
Today I’m sharing the video, Corporate Finance Basics for Directors and Shareholders, as well as the transcript from the video. In the presentation, Travis W. Harms, CFA, CPA/ABV, senior vice president of Mercer Capital, offers a short, yet thorough, overview of corporate finance fundamentals for closely held and family business directors and shareholders.
Business owners are faced with three universal questions as they run their businesses. These questions are addressed by every business every year, one way or the other, directly or indirectly, consciously or unconsciously. This post addresses these three questions.
Softbank wants to invest $10 billion in Uber, mostly by buying existing stock from shareholders. However, some shareholders resist, apparently thinking the price is too low. And there’s more bad news for Uber in London.
I recently attended the 2017 Extraordinary Banking Awards ceremony hosted by the Emmerich Group. I was honored to be a judge. I also learned several good things from being there and share the ideas in this post.
In today’s post, we discuss Softbank’s proposed investment in Uber.
What are you doing today to be sure you are ready to spend the time after you retire or sell your business, i.e., the rest of your life, in the style you desire with the resources needed to take care of you and your family and any other charitable desires you may have? This post […]
I spoke to the North Texas Chapter of the Exit Planning Institute on September 8, 2017 on the topic of Business Valuation for Exit Planning. I appreciated the opportunity to address the group.
This post discusses how understanding core deposit intangible assets in a bank valuation taught me about customer attrition.