Let's Fly Our Flag!

Written by Cyndi Roberts


Continued from page 1

Always holdrepparttar flag carefully -- never let it touch anything beneath it.

Always keeprepparttar 110977 flag aloft and free -- never carry it flat or horizontally.

Always keeprepparttar 110978 flag clean and safe -- never let it become torn, soiled or damaged.

Did you know:repparttar 110979 U.S. flag was adopted on June 14, 1777, and isrepparttar 110980 fourth oldest national flag inrepparttar 110981 world.

Join me in flying our national flag onrepparttar 110982 next flag holiday: Labor Day, September 6.

The Soldier author unknown

It isrepparttar 110983 soldier, notrepparttar 110984 reporter, who has given us freedom ofrepparttar 110985 press.

It isrepparttar 110986 soldier, notrepparttar 110987 poet, who has given us freedom of speech.

It isrepparttar 110988 soldier, notrepparttar 110989 campus organizer, who has given usrepparttar 110990 freedom to demonstrate.

It isrepparttar 110991 soldier, notrepparttar 110992 lawyer, who has given usrepparttar 110993 right to a fair trial.

It isrepparttar 110994 soldier, who salutesrepparttar 110995 flag, who serves underrepparttar 110996 flag, and whose coffin is draped byrepparttar 110997 flag, who allowsrepparttar 110998 protester to disrespectrepparttar 110999 flag.



Cyndi Roberts is the editor of the "1 Frugal Friend 2 Another" bi-weekly newsletter and founder of the website of the same name. Visit http://www.cynroberts.com to find creative tips, articles, and a free e-cooking book. Subscribe to the newsletter and receive the free e-course "Taming the Monster Grocery Bill".


YOUR FAMILY BUSINESS AND YOUR ESTATE

Written by Dave Kauppi


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After this transaction takes place, let’s look atrepparttar result of how dad’s estate was fairly divided. Originallyrepparttar 110976 brothers were left with 60% ofrepparttar 110977 $50 million business, or $30 million and a minor portion ofrepparttar 110978 remaining estate. The sisters were left with 40% ofrepparttar 110979 business, or $20 million andrepparttar 110980 bulk ofrepparttar 110981 remaining estate of $10 million. That appears to be fair. However,repparttar 110982 buyout ofrepparttar 110983 sisters for a combined $8 million results in an effective estate distribution of $42 million torepparttar 110984 brothers and $18 million torepparttar 110985 sisters. This is not what dad intended, but it happens allrepparttar 110986 time. This is a very complex and emotional issue and there are no simple answers. Generally, dad had his identity tied up inrepparttar 110987 business and wants it to live on through his sons after he is gone. This is a noble, yet impractical thought if allrepparttar 110988 siblings are not actively involved inrepparttar 110989 business. The children often inheritrepparttar 110990 restrictive buy sell agreements that favorrepparttar 110991 brothers runningrepparttar 110992 business and scare off investors that may have been interested in a minority stake inrepparttar 110993 business. Much ofrepparttar 110994 value from a privately held business is derived fromrepparttar 110995 benefits of working inrepparttar 110996 business. There isrepparttar 110997 very real concern thatrepparttar 110998 integrity ofrepparttar 110999 gift or estate tax business valuations will be compromised ifrepparttar 111000 sisters are bought out at a price approaching a pro-rated division of total enterprise value. Unfortunately, in most cases, nothing is done and as a result there are literally hundreds of billions of dollars of minority interests in privately held business that are providing little return or no return to their owners. We are working with estate planning attorneys, tax accountants and investors to come up with solutions. One ofrepparttar 111001 keys to unlockingrepparttar 111002 liquidity in these minority interests is forrepparttar 111003 business owner to recognize this situation prior to building his estate plan. Unfortunately, we are often brought in afterrepparttar 111004 fact and a fair outcome then is contingent uponrepparttar 111005 majority owners honoring dad’s original intent of fairness and working toward that end.

Dave Kauppi is a Merger and Acquisition Advisor with Mid Market Capital, Inc. MMC is a business broker firm specializing in middle market corporate clients. We provide M&A and divestiture, succession planning, valuations, corporate growth and turnaround services. Dave is a Certified Business Intermediary (CBI), a licensed business broker, and a member of IBBA and the MBBI. Contact (630) 325-0123, davekauppi@midmarkcap.com or www.midmarkcap.com.


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