October 2013
Beginner
610 pages
17h 28m
English
book
J.K. Lasser's Small Business Taxes 2014: Your Complete Guide to a Better Bottom Line
by Barbara Weltman
Content preview from J.K. Lasser's Small Business Taxes 2014: Your Complete Guide to a Better Bottom LineBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Succession Planning
What happens to your business when you retire or die? Have you made any decisions about whether to sell your interest, pass it on to children, or make other arrangements? The plans you make will have practical and tax implications for you, your family, and your business.
Succession planning is a complex and ongoing process involving both practical (business) and legal concerns. This chapter is designed to acquaint you with some of the issues you'll need to address in succession planning; it does not address every issue that may apply to you. Work with a knowledgeable advisor to help you structure, monitor, and modify your succession plans.
Exit Strategies
There may be a variety of reasons why you leave your company. They include retirement, disability, being a serial entrepreneur (selling this company to start another one), or death. Whatever the reason, there are several exit strategies.
Before you make any plans, it is a good idea to determine what the business is worth now (the value may change in the future, but plans can be adapted to accommodate valuation shifts). This is done by obtaining a business appraisal. There are various formulas used to determine the value of a business:
- Asset and earnings valuations (factoring in intangibles such as ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.