Legal Updates

There are many advantages when selling your business to an independent third party and a lot of these advantages mirror the disadvantages that arise when selling to a family member or key employee. 

Does your family want the business? Does your family member(s) know how to run the business, have they developed the right skills? These are fundamental questions when regarding the transfer of your business to a family member.

Sell to employees only if their purchase price matches or exceeds what a third party would pay.  The most significant disadvantage of selling to employees is MONEY.  Best employees don’t equate to the most successful entrepreneurs.

Spring means only one thing for most of us: baseball! Around the country, families are preparing their little league stars for game day. You probably remember giving your kids some extra batting practice after you got home from work to face that unbelievable fastball thrown by the coach’s son. 

Take a second and think about what motivated you in the first place to get into this business. I suspect that there were multiple personal and/or financial reasons behind your decision.  You should sell when you understand the sale process and can commit to an exit strategy that will suffice your economic reasonings to allow you to enjoy your freedom.

Timing is everything, these two reasons will dictate “when” you should be looking to sell your business, and those are personal, which are unique and very complex, and then financial reasons or financial independence.

Made In Colorado is in its 7th year now, the annual event brings together Colorado’s top manufacturers and businesses that produce some of the most exciting and innovating goods and brands that Colorado has to offer.

Although this may seem an unusual choice for a first question, this is the one I am most frequently asked when a business owner seriously starts thinking about selling.

The Denver Business Journal | Leadership Trust is an invite-only, fee-based network of influential business leaders, executives, and entrepreneurs in the Denver region who share their insights with our audience.

Minor & Brown PC is proud to present the 2019 Morgan Adams Foundation artmore exhibition hosted by SPACE Gallery.

Opening Reception February 1 from 5-9pm

Government shutdowns affect employers by rendering E-Verify services unavailable.  E-Verify is an electronic, internet-based system that compares information from employees I-9 to records available to the U.S Department of Homeland Security and the Social Security Administration to confirm employment eligibility.