A Borrower and a Lender Be
Everyone recognizes the importance of debt financing to a business. The business needs liquidity to purchase or improve assets, or to pay expenses. It borrows the necessary funds from an institutional lender that requires their repayment a fixed date or according to a fixed schedule. In order to compensate
Succession Planning: Several Ways to Skin A Cat
One of the issues most often encountered by the owner of a closely held business is succession planning. This may be especially difficult where no member of the owner’s family is involved in the business. In that case, the owner may have to consider the liquidation of his interest in the business, either by way