Benchmark Valuation for Southern California Companies Complimentary in March

As a business owner, knowing the value of your business is the key to ensuring your business succession and estate planning goals are on track.  As a law firm exclusively focused on the needs of business owners, our mission is to help ensure that an owner's business succession, estate, and wealth transfer planning goals become a reality. Our process begins by helping business owners understand...

The Ins and Outs of Valuing a Business

The Ins and Outs of Valuing a Business

Determining the value of a business is rarely easy. After all, you’ve likely given your heart, soul and energy to build it, so objectively assessing its worth is difficult. Yet an inaccurate valuation can blow the deal when you’re trying to attract buyers. Aim too high, and you’ll scare potential suitors. Come in too low, and you may forgo significant funds. Fortunately, a business...

Defined-Value Gifts: A Formula For Estate Planning Success?

Defined-Value Gifts: A Formula For Estate Planning Success?

Affluent families who wish to make large lifetime gifts should consider using defined-value clauses or other formula clauses to minimize or eliminate gift taxes. These clauses are especially effective when transferring assets that are difficult to value, such as closely held business interests or real estate. By defining the gift according to the amount of value you wish to transfer — rather...

What’s The Value Of My Franchise?

What’s The Value Of My Franchise?

The International Franchise Association estimates that there are currently more than 2,000 different brands operating over 700,000 franchised units in the United States. Based on the number of people who own franchises, it may seem like an easy route to owning a private business. But not all franchises are created equal, resulting in unique valuation challenges. Risk assessment As with any...

Valuing a business for transfer tax purposes

Valuing a business for transfer tax purposes

In 2016, taxpayers can transfer $14,000 per recipient under the annual gift tax exclusion free of federal gift tax without using any of their $5.45 million lifetime exemption. Over time, annual gifts of closely held business interests add up and can substantially lower the amount of taxes that a business owner’s estate will eventually owe — especially if the owner employs estate planning...

Personal Goodwill in Business Valuation

Personal Goodwill in Business Valuation

Determining the value of personal goodwill Goodwill is an intangible asset derived from such factors as a business’s name, reputation, customer loyalty, location and products. Typically, its value is represented by a business’s excess fair market value over the value of its net tangible assets and identifiable intangible assets (such as patents, trademarks and other intellectual property)....