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  • An Estimate of Future Company Cash Flow

    By MarksNelson on September 16, 2017
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    Cash flow is one of the most important factors in succession planning. All buyers, whether an outside third party or an insider (family member, co-owner, or key employee), will use cash flow as a way of measuring or confirming the value of the companies they buy.
  • Six Ways Valuation Professionals Can Help With Business Interruption

    By MarksNelson on August 29, 2017
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    The destruction in the wake of Hurricane Harvey has shown the devastation that a natural disaster can bring. As a business owner, it is necessary to acknowledge and plan for the potential risks.
  • Not Setting Goals May Hurt Your Exit Plan Strategy

    By MarksNelson on August 16, 2017
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    Setting goals is critically important to owners who begin Exit Planning. Without goals, even the strongest processes fail, because they have no purpose to work toward. Your goals are what guide your process toward a successful exit, and without them, you’ll find yourself spinning your wheels in the mud of indecision.
  • Seven Tips for Creating an Exit Plan

    By MarksNelson on August 2, 2017
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    Whether you’re looking to exit your business in 10 months, 10 years, or never, one fact governs them all: All business owners—even the hardest working, most dedicated workaholics—will exit their businesses someday. Whether by choice, death, or otherwise, you need to be able to answer the question, “What will happen to me, my business, and my family upon my business exit?”
  • Tips to Optimize the Value of Your Privately Held Company

    By MarksNelson on August 2, 2017
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    Business owners who also work for their company have the added responsibility of managing their company on a day-to-day basis, making it difficult to find the time to tackle big-picture business planning issues. Therefore, thinking about ways to increase your company’s value may fall by the wayside in favor of more pressing matters. If you can work the following strategies into your day-to-day management of the business, you can begin laying the foundation to increase your company’s value.
  • Estate Planning Can Help With Your Exit Plan Strategy

    By MarksNelson on July 19, 2017
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    Once owners see that the two processes share the same goals, they can appreciate how to leverage the time and money they spend developing their Exit Plans into the design of their estate plans.
  • How to Preserve Your Wealth: A Key Exit Plan Strategy

    By MarksNelson on July 7, 2017
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    The ideal Exit Plan (one that provides the business exit you desire) includes a strategy to help you preserve your hard-earned wealth from unnecessary taxation when it is transferred to your family. However, to preserve wealth, business owners must take steps before they actually have wealth.
  • NEWS RELEASE: MarksNelson Partner Elected to Board of Governors of American Society of Appraisers

    By MarksNelson on June 28, 2017
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    Kansas City accounting and consulting firm MarksNelson LLC is pleased to announce that Partner Robert Metcalf will serve a four-year term as Region 4 Governor of the American Society of Appraisers. The ASA is a nonprofit organization which serves as a professional affiliation of appraisers of all disciplines, working cooperatively to elevate the standards of the field.
  • Alert: New Kansas Tax Law

    By MarksNelson on June 7, 2017
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    Late Tuesday, the Kansas Legislature voted to override Governor Sam Brownback’s veto of a budget bill that includes both a tax increase and a rollback of the 2012 business tax cuts. Both are effective retroactively to January 1, 2017.
  • Preparing for the Worst: Business Planning for Sole Owners

    By MarksNelson on May 17, 2017
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    Contemplating one’s own demise can be challenging but is paramount to sole owners and their businesses. Consider the fictional Harry Withers, the 54-year-old owner of Withering Hikes, a chain of seven retail apparel stores for outdoor enthusiasts on the Western Slope of the Rocky Mountains. One day, Harry disappeared while scouting new hiking trails.