Is Your Family Business Ready For Your Retirement? By: Adrian C. Spitters, FCSI®, CFP®, FMA Senior Wealth Advisor• May 18, 2016 I came across this article by Adrian, it is so well written I couldn’t have said better myself and decided to share it with you in its entirety. Let’s face it, one day your business is going to change hands, whether you plan for it or not.. When you have a formal plan in place, you are making a voluntary choice to take control of who will take over y
Recently at a business valuation seminar in the US, one of the presenters, Robert Ranallo who frequently serves as a court-appointed attorney in the resolution of business valuation matters, emphasized the importance of storytelling’s when he responded to a question from one of the audience members. The question was about business valuation disputes in a court setting, “It seems that the process of deriving the value has more importance than the actual number itself. Does it?