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ownership transition options

What are my ownership transition options?

LBM dealers have a variety of options as they look toward transitioning their business.
Sam Brownell - tax

Understanding the three-year window for gifting

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.
Curtis Lumber

How Curtis Lumber helps the trades find future employees

Doug Ford, vice president of sales and purchasing, and Pam Stott, executive assistant, formed a task force that led to the Workforce Development Coalition.
Sam Brownell - tax

The importance of understanding valuation

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.
Sam Brownell - tax

Ownership transfers for independent dealers: Estate and tax planning

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

No longer niche: online learning becomes staple for employee training

Unless you were hiding under a rock, which you may wish you had been at the time, you are aware that the COVID-19 pandemic forever changed the way many of us do business.
Sam Brownell - tax

Defining your post-ownership goals

Emotional discussions can be difficult, especially when they focus on our attachment to our business.
Cassie Fosher

Three tips for building the right team in a changing LBM landscape

Once the offers are accepted, it can be even harder to take the time to train the new hires, especially during a busy year.
Matt Meyers transparency

Making transparency work in the LBM industry

In the lumber and building materials industry, we need to better examine how we use transparency for mutual gain.
New South Construction Supply

Reflections on 40 years in business

I have decided to not sell the business but to create an Employee Stock Ownership Plan (ESOP) so that the legacy built over the last 40 years will carry on when I retire.

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