“My key employee really is key to my company’s success, but I can’t (or won’t) ask him/her to sign a covenant not to compete. Besides, I’ve heard that covenants not to compete aren’t enforceable.” This dilemma is quite common in the closely held businesses. If, for a moment, you accept a basic tenet of Exit […]
https://www.gfpnh.com/wp-content/uploads/2021/07/exit-planning-key-employee-covenants.jpg8001200adminhttps://www.gfpnh.com/wp-content/uploads/2020/07/logo-granite-financial-partners.pngadmin2021-07-20 19:34:092021-07-20 20:01:50Key Employees and Covenants Not To Compete
Experts and laymen agree that one constant of successful companies is a stable, motivated management team. This quality not only contributes to corporate success, but it is also key to the business owner’s successful business exit.
If you contemplate transferring your business to an insider (employees, children or co-owner) and you want to get paid the value of your business, then, generally speaking, the value of your business cannot exceed four times or five times the true cash flow of the business.
https://www.gfpnh.com/wp-content/uploads/2021/06/exit-planning-cash-flow-king.jpg8001200adminhttps://www.gfpnh.com/wp-content/uploads/2020/07/logo-granite-financial-partners.pngadmin2021-06-22 00:00:392021-06-22 00:24:12When Selling To Insiders, Cash Is King
Key Employees and Covenants Not To Compete
“My key employee really is key to my company’s success, but I can’t (or won’t) ask him/her to sign a covenant not to compete. Besides, I’ve heard that covenants not to compete aren’t enforceable.” This dilemma is quite common in the closely held businesses. If, for a moment, you accept a basic tenet of Exit […]
Incentive Plans for Key Employees
Experts and laymen agree that one constant of successful companies is a stable, motivated management team. This quality not only contributes to corporate success, but it is also key to the business owner’s successful business exit.
When Selling To Insiders, Cash Is King
If you contemplate transferring your business to an insider (employees, children or co-owner) and you want to get paid the value of your business, then, generally speaking, the value of your business cannot exceed four times or five times the true cash flow of the business.