Today, most owners are so focused on cutting expenses and minimizing risk and taxes that they’ve ignored their ultimate goal: creating a company with enough value to leave it for an amount of money that will support them — in style — for the rest of their lives.
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In this issue, we discuss how owners of mid-sized businesses are making decisions about their futures in a quickly changing economy. As exit planners, we consistently urge business owners to take the initiative when planning their exits. Today, we apply that perspective to encourage business owners to go beyond panicked headlines and take a clear-eyed […]
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“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