Recommended Reading

Recommended Reading

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Estate Planning for the Blended Family

Every family is different, and blended families — defined as those with children from previous marriages or couplings — can be even more difficult to plan for. When dealing with complicated family situations, cookie-cutter estate plans just don’t work. Estate planning can be difficult as the subject matter can seem complex for non-lawyers, and family members can be hesitant to clearly voice their opinions on touchy matters. However, planning the future of your family’s estate is crucial for the emotional and financial well-being and stability of all family members, and having everything in order will bring invaluable peace of mind. ABOUT THE AUTHORS: L. Paul Hood, Jr. and Emily Bouchard L. Paul Hood, Jr. is a frequent speaker and commentator on estate planning issues. He is widely quoted and his articles have been published in a number of journals, including CCH Journal of Practical Estate Planning, Estate Planning, Digest of Federal Tax Articles, Louisiana Bar Journal, and Tax Ideas. In addition to serving on the Louisiana Board of Tax Appeals, he was a sponsored speaker for distinguished law schools such as Duke, Georgetown, NYU, LSU, Tulane, and Loyola. Emily Bouchard, BA, MSSW, is the managing partner of Wealth Legacy Group and founder of Blended-Families, LLC, where expert coaches make a positive difference in the lives of stepfamilies and inheritors. She has been featured on The Today Show and NPR, is the author of several e-books, and speaks internationally on issues relating to blended families and the emotional impact of wealth.

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Buyouts – Success for Owners, Management, PEGs, Families, ESOPs, and Mergers and Acquisitions

A must have book for business owners, key employees, and their advisors who need to be aware of the full spectrum of succession options, Buyouts provides objectives, advice, steps, and a host of examples on the full spectrum of insider-led buyouts. A road map for CPAs, it presents the parameters for many of the major industry segments, techniques for managing risk, providing retention and performance incentives for key personnel and insights into getting deals financed.

  • Features advice and examples of insider led buyouts
  • Essential guidance on succession options for business owners, key employees, and their advisors
  • The 411 on selling your company for a fair price, maintaining control over the process, and realizing lifelong goals

Transition planning is becoming a hot business topic as millions of business owners head into retirement. The fact is that only a limited number of privately held companies will be successfully sold to third parties. A road map for CPAs, Buyouts presents the parameters for many of the major industry segments, techniques for managing risk, providing retention and performance incentives for key personnel, as well as insights into getting deals financed.

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Mergers & Acquisitions: An Insider’s Guide to the Purchase and Sale of Middle Market Business Interests

The first book on Mergers & Acquisitions (M&A) to authoritatively convey the unique issues and circumstances of Middle-Market M&As-those companies valued between 5 million and 300 million with sales of 6 million to 600 million – Mergers & Acquisitions: An Insiders Guide to the Purchase and Sale of Middle Market Business Interests addresses the many challenges, pitfalls, and difficulties inherent in transactions involving Middle Market businesses

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Mergers & Acquisitions from A to Z

Best Practices for Structuring Profitable Deals During Turbulent Markets * Effective Ways to Raise the Capital Needed to Get Deals Done * New Due Diligence Rules and Strategies in the Age of Sarbanes-Oxley * Guidelines for Keeping Deals On Track and Managing Post Closing Challenges * Valuable Tools, Checklists, and Sample Forms

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Private Capital Markets 2nd Edition

This theoretical and practical guide gives readers important insights into the workings of the private capital markets so that they can make sound investment and financing decisions.

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Middle Market M & A: Handbook for Investment Banking and Business Consulting

In-depth coverage of the middle market in a single volume—based on the body of knowledge of the Certified M&A Advisor® credential program

If you own, operate, or advise a middle market company, what does this mean for you and your clients when thinking about shareholder liquidity, selling or buying a business? And how can you improve the odds of getting a deal done?

A vital tool for all business professionals interested in understanding mergers, acquisitions, exits and strategic transactions for middle market companies, Middle Market M&A: A Handbook for Investment Banking and Business Consulting is a must-read for investment bankers; M&A intermediaries and specialist; CPA’s and accountants; valuation experts; deal and transaction attorneys; wealth managers and investors; corporate development leaders; consultants and advisors; lenders; and CEOs, CFOs and board members.

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Ownership Thinking

How to End Entitlement and Create a Culture of Accountability, Purpose, and Profit

It’s an insidious disease that is crippling companies, destroying our economy, and crushing potential. It’s infecting the very roots of business performance, and it’s spreading fast. It isn’t the recession, market volatility, scandal, or greed.

It’s entitlement. And it may be killing your business.

In myriad ways, entitlement has been cultivated for decades. As a result, too many employees today believe that they are entitled to a paycheck simply because they show up. Brad Hams has proven that we are not doomed to a path of entitlement and dependence. Over 15 years of working with hundreds of companies, he knows that the vast majority of employees addicted to entitlement actually want to engage, want to contribute, and feel much better about themselves when they are in an environment that requires them to do so. Now, with Ownership Thinking, Hams shares his strategy that will increase your company’s productivity, employee retention, and profitability:

The Right Education: Teach employees the fundamentals of business and finance, how their company makes money, and how they add-or take away-value.

The Right Measures: Identify the organization’s Key Performance Indicators and teach employees to forecast results in an environment of high visibility and accountability.

The Right Incentives: Create incentive plans that are self-funding, and clearly align employees’ behavior to the organization’s business and financial objectives.

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The Market Value Approach

The Market Value Approach – Is must reading for any business advisor who performs or uses business valuations. The Market Approach to Valuing Businesses will show you how to successfully reach a fair and reasonable agreement on value. Whether you’re buying, selling, or valuing a business, the market approach is the most widely accepted method of determining the value of a business or partnership. This book is another tremendous valuation resource written by Shannon Pratt, the grandfather of business valuation. Be sure to check out the workbook that accompanies this book. A classic that keeps getting better with each new edition.

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Pratt’s Stats

1 Year Subscription: $829.00

Remove marketplace uncertainty in your valuation analysis with the most trusted comps available!
Pratt’s Stats is the leading private company merger and acquisition (M&A) transaction database. Pratt’s Stats delivers detailed data vital in applying the market approach, deriving a selling price, or performing a fairness opinion analysis.

Pratt’s Stats provides up to 88 data points including 6 valuation multiples and 13 financial ratios. Gain access to financial statements, source documentation, transaction notes as well as data on non-compete agreements. No other database provides this range of detail.

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Selling to an ESOP – 9th Edition

Selling to an ESOP – 8th Edition is a comprehensive guide for owners, managers, and advisors of closely held companies considering settin up an ESOP in order to buy part or all of the stock of the owenr(s). The first half of the book describes how ESOps work and discuses basic considerations for selling to an ESOP, ranging from valuation to financing. The second half of the book focuses on the tax-deferred Section 1042 “rollover” that allows selling shareholder(s) in closely held companies to indefinitely defer capital gains taxation on the proceeds from the sale to an ESOP. The 8th edition has been revised to tighten up the organization of the book and to reflect recent changes in law and practice

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Built to Sell

If you’re like most business owners, you started a company because you thought it would give you freedom—to do what you want, work on your own schedule, make the kind of money you deserve and eventually retire on the fruits of your labor. Unfortunately, according to John Warrillow, most owners find that stepping out of the picture is extremely difficult because they’ve built a business that relies too heavily on their personal involvement. Without them, their company—no matter how big or profitable—is essentially worthless. Luckily, there are steps you can take—no matter what stage your business is in—to create a valuable, sellable company that can grow and thrive without you.

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Selling Your Business to Your Employees

Selling Your Business to Your Employees: Employee Stock Ownership Plans (ESOPs) & Worker-Owned Cooperatives is an easy-to-understand guide for owners of small and medium-sized businesses interested in exploring selling to employees as an exuit strategy. Learn how employee ownership can:

  • Allow you to sell some or all of your ownership stake while taking advantage of significant tax breaks for you and the company.
  • Position the company for future growth, enhanced productivity and performance, while also rewarding the people that helped build the business.
  • Provide you with the flexibility of maintaining an ongoing role in the business if desired.

To order, contact the Ohio Employee Ownership Center at 330-672-3028

The Quiet Millionaire

Being a millionaire is a realistic aspiration if you are knowledgeable and diligent about becoming one. Today, people are required to accumulate greater amounts of money to fund their lifetime goals and objectives than was necessary by previous generations. This book covers what should be included in a comprehensive financial management program for people of all ages who want to live a financially independent and secure lifestyle. It shows reliable ways to plan and manage the emotional aspects of money, cash flow, assets, liabilities, taxes, investments, employee benefits, insurance, health care, business ownership, college financing, accumulated estate wealth, and, most critical, how not to run out of money during retirement. In today’s often confusing and contradictory world of information overload, the reader is informed how to discern and distinguish what information is beneficially useful or harmful to his or her financial well-being. Moreover, if professional assistance is desired, guidance is provided on how to select and work with a financial advisor as well as how and when paying for an advisor’s help is justified.

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The Speed of Trust

According to Stephen MR Covey, trust is one of the essential elements of business, and the ability to create, preserve and restore trust has become one of the most important skills today, inside and outside the office. In the book The Speed of Trust, Covey gives readers all the key tools to cultivating trust in their relationships, while offering up the wisdom of other great business leaders on the topic.

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Valuing a Business, 4th Edition

For nearly two decades, and through three previous editions, Valuing a Business has provided trusted, complete business valuation for experienced business valuation analysts, beginning analysts and students, and all professionals needing complete valuation information. Its clear, concise explanations of valuation methods and conclusions have made it the classic text against which all other valuation books are measured.

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The Business Reference Guide

Now in its 25th year, the 2015 Business Reference Guide is the essential guide to pricing businesses. With up-to-date rules of thumb and pricing details on 700 types of businesses, this guide is a must-have for transaction brokers, accountants, attorneys, business appraisers, banks, business-lending institutions, professional advisors—anyone involved with privately owned business. Now available online, users enjoy all the data they depend on in the book with the additional benefit of keyword searching, personalized printing, continual updates throughout the year, and more!

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Business Exit Planning: Options, Value Enhancement, and Transaction Management for Business Owners

For many business owners, cashing out of a business is a lifelong dream. For some, exiting a business can be a nightmare. Business Exit Planning: Options, Value Enhancement, and Transaction Management for Business Owners provides a comprehensive view of what every business owner needs to know to plan and execute a business exit. The book

  • Includes 30 relevant mini-case studies on business exit planning and transaction management, as well as a glossary of frequently used technical terms
  • Details options for those owners who no longer want to be active in the business, as well as for those who want to remain invested
  • Covers a wide range of topics related to business exit planning and transaction management, including IPO, MBO, refinancing, ESOPs, building an exit team, business plan and valuation, due diligence, and estate planning

Regardless of whether a business owner seeks an immediate exit or a staged exit over time, Business Exit Planning provides a comprehensive strategy and roadmap to define exit-related objectives.

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Business Valuations for Dummies

This book is filled with expert guidance that business owners, managers at all levels, investors, and students can use when determining the value of a business. It contains a solid framework for valuation, including advice on analyzing historical performance, evaluating assets and income value, understanding a company’s financial statements, estimating the cost of capital, business valuation models, and how to apply those models to different types of businesses. Co-authored by James Bates, MBA, CEPA a member of the Exit Planning Institute.

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Million Dollar Consulting Tool Kit

Million Dollar Consulting Tool Kit is perfect for business brokers and other deal people. This practical toolbox provides specific checklists, guidelines, templates, and actual examples for each and every step of the consulting process. It covers marketing, sales, meetings, implementation, follow-up, invoicing, practice management, insurance, equipment, subcontracting, and scores of other elements. It belongs in every professional advisor’s library.

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