Henderson Associates

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Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition. Whether you're negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure. Business valuation is not an exact science. It's based on judgment, experience and relevant information.

As with any accounting software program, installation and training take time - time taken away from managing your business.

Introducing QuickBooks Premier: Contractor Edition, a first-ever addition to the existing QuickBooks family of products used by more than 350,000 contractors. Premier: Contractor Edition is custom-built for contractors. It simplifies the work of running your contracting business-from paying bills to estimating, invoicing, and job costing - so you can manage your business more effectively and free yourself for the work that makes a difference to your customers.

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs. Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.

Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.

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