This podcast provides an overview of the Six Phases of BEI Exit Planning specifically tailored for law firms, presented by a Certified Exit Planning Advisor.
Blog
From My Father’s Depression-Era Wisdom to Modern Entrepreneurs: Planning to “Keep What Matters”
My Irish father grew up during the Great Depression as one of five boys in a lively, crowded house. With four brothers, every dollar stretched to cover basic needs, and resourcefulness was a necessity, not a choice. Shoes were shared, clothes patched and worn thin, and meals planned with discipline—a vivid lesson in making the […]
2026 Capital Gaines Tax Change
In sum, the IRS changes for 2026 present substantial planning opportunities and challenges for small, closely held businesses contemplating a sale. Business owners should stay informed and seek professional tax advice to best navigate this shifting landscape.
Valuing and Selling a Legal Practice: A Guide for Attorneys
Most law firm acquisitions are seller-financed, often for small and medium practices. Typically, up to 50% may be paid upfront, with the remainder structured as earnout or seller-financed payments over time. Buyers and sellers should negotiate terms based on the firm’s profitability and transition risks.
Government Shutdown Adds New Challenges for Small Business Owners
By Michael Shea At midnight on October 1, the U.S. government officially shut down after Congress failed to pass a funding resolution. As federal agencies begin to pause operations, small business owners across the country are once again facing a wave of uncertainty. Already grappling with inflation, labor shortages, and rising tariffs, Main Street businesses […]