Julianna Frank is a business and consumer bankruptcy lawyer out of Jupiter, Florida. We first met at the NACBA conference in Cleveland. But, as you will hear in the interview below, we crossed paths again at the 2019 Florida Bar Conference where I gave a presentation to the Senior Lawyers Committee on practical and ethical […]
Interview with Julianne Frank on Selling Her Law Firm Read More »
Despite being entirely equal, a 50-50 equity split can leave business partners vulnerable to deadlock. The super-minority equity division (49-49-2) is a potential work around. However, many business owners aren’t comfortable giving a 2% ownership stake in the company to someone to act as a tiebreaker. Fortunately, there is another way that many partnerships decide
Avoiding Resentment in 51-49 Partnerships Read More »
Update: Coronavirus (COVID-19) In February of 2020, the novel coronavirus began spreading rapidly throughout the world. There has been widespread economic upheaval and uncertainty as businesses around the US reel from the destabilized supply chain, volatile stock markets, and prolonged shelter-in-place orders. The strategies in this piece for weathering an economic recession are more important
Secret Weapons to Recession Proof Your Business Read More »
Deciding what type of business entity to form and what state to form the business entity in can be especially troublesome choices for business owners. Florida business owners tend to pay much more attention to the differences between the business entity types and overlook the significance of the state of incorporation. Yet, these choices are
The Hidden Costs of Doing Business in Florida Read More »
In the third part of “Paying the Right Price,” we looked closely at how to use the SDE and value multipliers together to calculate business value. This was an important step for a business buyer to ensure an accurate purchase price. The final part of this four-part video is going to cover two related topics
Why Down Payment and Debt Service Are Key to Your Business Purchase Read More »
Previously we discussed how to use the P&L Statements and other financial documents to recast the financials and determine the SDE and value multipliers of the business you want to buy. With these numbers in hand, you can now set about double checking the seller’s sale price. In the third part of “Paying the Right
How to Calculate Business Purchase Price with SDE and Value Multipliers Read More »
You’ve heard me say it before: Running a business is hard work. There are a variety of quotidian tasks and issues that business owners will have to handle. Then there are those monumental problems that inevitably crop up from time to time. The best way for business owners to weather these kinds of storms is to
Building Business Relationships to Build Your Business Read More »
We introduced in the first part of the “Paying the Right Price” some key terms and phrases used in business valuation. We also covered a couple of the important drivers of business value. Part 2 is going to get a little more technical. The seller will have used various financial documents to determine the sale
How Financial Recasts, SDE, and Multipliers Affect Business Value Read More »
The valuation process can be quite complex, and valuation experts have a number of methods that they use to calculate the value of a business. Our goal here isn’t to make you a valuation expert—I promise I won’t even make you do math! What we want to do is make you conversant in the topics
Key Terms and Drivers of Business Value Read More »
Partners in new multi-owner businesses have the option to choose between numerous ownership structures. The most common equity division is the 50-50 partnership. However, this “even split” is not without its pros and cons. Another common structure is the 49-49-2 partnership where a third partner is given a super-minority stake in the business. The 49-49-2
The Pros and Cons of the 49-49-2 (Super-Minority) Partnership Structure Read More »
