In light of the events of December 14, 2012 in Newtown, Connecticut, the Memphis Men’s Chorale, of which I am a member, offers our Prayer of the Children in honor and memory of the children and teachers who were killed, and for their families and friends — indeed for the millions everywhere who have been so deeply charred and jarred by this tragedy.
There was pent-up demand for selling businesses in 2008. Now that we are on the short side of 2012, that pent-up demand is causing unknown pressures for business owners, their families, and their employees, who are uncertain about the necessary transitions that await. The tsunami is coming. Will you be ready? Will your clients be ready?
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).
According to recent news reports, FedEx might lose its contract with the U.S. Postal Service. Does that affect FedEx’s value? What effect does customer concentration have on a private company’s value?
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.
This series, “Ask Chris Mercer,” is derived from the Q&A session of the May 16, 2012 webinar, “Buy-Sell Agreements” sponsored by WealthCounsel and attended by over 600.
Promissory notes are used as a funding mechanism in many buy-sell agreements.
