Sam Brownell

When transitioning ownership of your business, it is common to focus on a single question: What is my business worth?

Understanding all the potential tax liabilities associated with your business is crucial for planning for the future.

As we frequently discuss in our articles and webinars for LBM Journal, succession planning is a critical process for LBM dealers as well as their families, employees, and customers.

Being aware of the expectations before beginning the valuation engagement will provide you with a clearer understanding of the valuation process.

There are a few items that play a critical role in a well-constructed buy-sell agreement that you should pay particular attention to in order to secure your business’s future.

Learn what to do—and what not to do—to ensure a successful ownership transition for all stakeholders in a LBM company.

LBM dealers have a variety of options as they look toward transitioning their business.

If you have not considered gifting, it is worth spending time talking to a knowledgeable advisor so you can protect your business and your net worth.

Your business is likely your most valuable asset. Knowing its value is imperative because it fuels important decisions like tax planning, how to fund your post ownership goals, and determining and negotiating a sale price.

The first step in your estate and tax planning considerations should be to invest in an independent, reliable, unbiased business valuation.