Over the course of my career, I recall two businesses where the owners were aging and where needed ownership and management transitions had been delayed or ignored. These companies were not clients, and I hold no confidential information about them. My discussion today relates to obvious observations based on reviews of their websites and informal […]
Buy-Sell Agreements for Baby Boomer Business Owners has been available as a Kindle book for about five weeks now. During this short time, the book has received seven 5-star reviews from a variety of readers. I thought I’d share the reviews with readers of this blog.
The One Percent Solution. I developed the term as a vehicle to talk with clients about the value of valuation and other financial and estate planning activities conducted to manage (pre-liquid) private company wealth. The gist of the idea is simple:
Consider a budget for managing your pre-liquid wealth (defined as your ownership interest in your private company) similar to the fees you pay to manage your liquid wealth (stocks, bonds, other liquid investments).
You thought you knew what a marathon was – until you read about a decade old case involving a busted fixed-price buy-sell agreement in New York. Call it now a BuySellAgreementathon. More exhausting (and expensive) than the traditional 26.2 miles!
Miles Mason, Sr., of the Miles Mason Family Law Group, has posted a review of my new Kindle book, Buy-Sell Agreements for Baby Boomer Business Owners.
In this second post, Chris Mercer dives deeper into the Citigroup / Morgan Stanley buy-sell agreement outcome. If these results can happen to Citigroup and Morgan Stanley, they can certainly happen to you.
Overview of a Two Part Series Morgan Stanley and Citigroup entered into a joint venture (JV) dated as of May 31, 2009, with Morgan Stanley owning 51% and Citigroup owning the remaining 49% of the common member interests in Morgan Stanley Smith Barney Holdings LLC (“MSSBH”). The JV was evidenced by the Amended and Restated […]
A good explanation of the “Single Appraiser: Select Now, Value Now” recommendation from my book Buy-Sell Agreements for Closely Held and Family Business Owners was recently featured in NACVA’s email newsletter. Read it here (also includes a link to the original article on Mercer Capital’s website further explaining this buy-sell agreement recommendation).
Most real estate appraisers shy away from valuing equity interests such as LLC minority interests.
In my experience, life insurance policies specify who the beneficiary will be. It is critical that the buy-sell agreement specify clearly how the proceeds should be treated.
