Why would two companies in the same industry, with the same financial performance, command vastly different valuations? The answer often comes down to how much each business is likely to grow in the future. The problem is that a lot of successful businesses reach a point where their growth starts to slow as the company […]
It may surprise you to learn that over 70% of former business owners regret selling their companies less than a year after the sale. What accounts for this seller’s remorse? The main reason is lack of preparation on the part of the business owner. Case in point – Roger Elkhart sold his commercial construction company […]
Determining how and when to start a business is hard. Deciding how and when to leave it can be even harder. As many of you may remember, singer Paul Simon said there are 50 ways to leave a lover. If you are a business owner thinking about how to leave your business you really only […]
By: Marsha Golgart & John Warrillow On June 1, 2011, both Floyd’s Coffee Shops in Portland, Oregon were busier than usual. The regulars were elbowed out of the way by new customers visiting the store for the first time to redeem their coupon and get $10 worth of coffee for $3. This tempting offer was […]
Estate of Louise Paxton Gallagher, Deceased, F. Gordon Spoor, Personal Representative v. Commissioner of Internal Revenue, TC Memo 2011-148 Filed June 28, 2011, and Supplemental Memorandum Opinion issued October 11, 2011. The Facts: Ms. Gallagher owned 3,970 units of Paxton Media Group, LLC (“PMG”), at the time of her death on July 5, 2004. As […]
You’re a baby boomer. You’ve built a successful business. Now it’s time for you to decide what’s right for your future and the future of your business. Don’t leave it to chance; create an exit plan. The baby boomer generation has been one of the most entrepreneurial generations in the history of our country. During […]
What is an exit from a business? It can be as emotionally violent as a bankruptcy or be a quiet closing with all debts paid. You may get an offer that you can’t refuse and be set up for life or your next business. You can plan to sell at a good time: take the […]
Boltar, L.L.C. Joseph Calabria, Jr., Tax Matters Partner, Petitioner vs. Commissioner of Internal Revenue Service, Respondent, 136 T.C. No. 14, Dated April 5, 2011. The Facts: Boltar, L.L.C. (Boltar) claimed a federal income tax deduction for a conservation easement as a qualified conservation contribution of $3,245,000 on their timely filed partnership return. The IRS disallowed […]
Estate of Marie J. Jensen, Petitioner v. Commissioner of Internal Revenue Service, Respondent, T.C. Memo 2010-182, Dated August 10, 2010. The Facts: Ms. Jensen was a resident of New York when she passed away on July 31, 2005. Prior to her death, in February 2003, Ms. Jensen had created the Marie J. Jenson Revocable […]
Suzanne J. Pierre, Petitioner v. Commissioner of Internal Revenue Service, Respondent, T.C. Memo 2010-106, Dated May 13, 2010. The Facts :In the first Pierre case, Pierre v. Commissioner, No. 753-07, dated August 24, 2009 (“Pierre I”), the Court found that Ms. Pierre’s single member LLC, the Pierre Family LLC (‘the LLC”), was not a disregarded […]
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