It is an open secret that many business owners, no matter how organized, regularly neglect an important task—developing their exit strategy.
The right transition plan depends on the nature of the business and the...more
3/16/2021
/ Co-Ownership ,
Coronavirus/COVID-19 ,
EBITDA ,
ESOP ,
Exit Strategies ,
Family Businesses ,
Interest Rates ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Shareholders ,
Valuation
On June 17, 2020, the U.S. Small Business Administration (“SBA”) published an abbreviated “EZ” forgiveness application and accompanying instructions (“EZ Forgiveness Application”) for certain eligible borrowers under the...more
1. Reducing Employee Headcount – If the average number of a borrower’s full-time equivalent (FTE) employees during the eight-week period following origination is reduced compared to a pre-crisis comparison period, then the...more