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As exit advisors, we all know that the value of a business is very dependent on the team the owner has developed. Can “Diversity, Equity and Inclusion” (DEI) initiatives and programs help improve a business owner’s team? Join us for our virtual January meeting where we will have an engaging, collaborative XPX-style discussion of this…
Date: January 19, 2022 Time: 12 p.m. to 1 p.m. EST Platform: Zoom Questions: Chat Link for Free Ticket: Steve White (Even if you can’t make it sign up and you will get a link to listen later) Uncompromising explores seven pathways to help you identify and live your why—leading to an impactful life and a lasting legacy. Steve White’s path…
Brand counsel use many tools to help businesses protect their brands. The most common tool is registering a trademark with the US Patent and Trademark Office. This process seems simple but there is much that goes into the strategy behind filing the application and moving it towards registration. I thought it might be helpful to share information to…
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects together over 8,000 industry leading professionals across approximately 200 offices…
Have you ever stopped and examined your mindset as a business owner and leader? Your mindset impacts all aspects of your company—how you view situations and people and how you approach challenges and opportunities. It is much more nuanced than simply having a positive or negative mindset. Check out these two business owners with dramatically…
We’re welcoming in a New Year and a New Look!
Date: January 14, 2022 Time: 12 p.m. to 1 p.m. EST Platform: Zoom Questions: Chat Link for Free Ticket: Peter High (Even if you can’t make it sign up and you will get a link to listen later) With increased pressure from digital natives, now is the time for established companies to address outdated and antiquated practices in order to respond…
Join us Wednesday, January 12 from 10-10:45am for the January edition of our Scaling Skills Speaker Series as Barry Selvidge of Newport LLC tells us how to execute a successful business acquisition. Barry has owned, bought, and sold businesses, and today he advises other leaders on these matters Here is the Zoom link for the…
In this book I focus on the often used exit plan for mid-sized companies that because of their size and sophistication or the owner’s personal preferences, are not good candidates for an outside third party sale. This path is called the “insider Transfer”, where the buyers are the key employees of the business. If planned…
Internal Revenue Code Section 401(a)(28) allows employees to diversify a portion of their stock once they meet certain eligibility requirements. There are specific age and service requirements outlined by the IRS to determine who is a Qualified Participant, however your plan may allow for rules that are less restrictive. Statutory Requirements: Click here to continue…
When an employee terminates employment with the company due to a disability, his or her ESOP account may be subject to certain procedures and additional benefits. Before these procedures and benefits can be applied, it is important to understand how your ESOP Plan Document defines disability and whether or not the employee’s circumstance meets that…
On November 4, 2021, the IRS announced cost of living adjustments affecting qualified retirement plans for 2022. Almost all of the limits increased from 2021 to 2022, some by greater amounts than we have seen in some time. Click here read the entire article.
When inheriting an IRA (Roth or Traditional) you may wonder about available choices regarding the account title as well as distributions. Are distributions required? If so, how long do you have to take these distributions and when do these distributions begin? Are you eligible to move the IRA to your own name; and, if so,…
We’ve all had the experience of driving down the road and trying to change lanes, only to realize just in time that there was a car in your blind spot. Or maybe you didn’t realize in time and the day ended much more disastrous than expected. Keeping an eye on our blind spots and checking for things we may…
In 2021, our firm, Pilot Hill Advisors, helped create 8 new employee-owned companies with over 2,000 new employee owners. As part of their exit planning, the owners of these businesses transitioned over $500 million of stock and saved tens of millions in taxes in the process. The companies will save millions in taxes and several…
Successful businesses understand that they can’t always control the consumer narrative. Therefore, having an online review strategy will enhance customer satisfaction, build brand awareness and trust, and set your business apart from the competition. Learn more on how to create and manage an online review strategy.
Date: January 7, 2022 Time: 12 p.m. to 1 p.m. Eastern Standard Time Platform: Zoom Free Ticket Click Here: Karim Harbott (If you can’t make it sign up anyway and you can watch later.) Adopting the latest agile tools and practices won’t be enough to respond to rapid market change. Leaders must first lay the groundwork by creating…
Once again, the winter holiday season has come and gone, and so has my two-week vacation. While I did get my fair share of R&R, I also used some of my downtime to get better organized. Not only around the house but also in my email inbox. The Repercussions of “Subscribe to Get Holiday Deals…
Program produced by XPX Fairfield County and XPX Hartford. Being a CEO or owner can be a lonely role. This is especially true when facing big strategic decisions such as how to take their business to the next level, or when and how to prepare for a future exit. Having access to individuals outside the…
With more employees working remotely, it can be an escape to enjoy working from anywhere. If not home, maybe a vacation home? However, many may not realize if they stay in another state for a long period, they could be considered residents of both that state and their home or “domicile” state, resulting in double taxation of…
When formulating incentive plans for your teams, it’s important to look beyond the numbers. Are the job responsibilities and expectations clear and defined? Are your employees being analyzed as unique contributors or simply lumped in with company growth targets? Incentive plans need to be individually aligned with your team members’ overall engagement and goals. Read…
Panel discussing the issues faced by employers post-pandemic: Vaccine mandates? In-office vs. Remote? Attracting talent? Managing productivity? Changing priorities/ work-life balance demands of employees? Food & Beverages will be provided. Our Panel: Gaby JenkinsPartnerWaypoint Growth Advisors David RubinPartnerNutter McClennen & Fish LLP Amy HigginsVice PresidentHR at Alert Innovation
Trust creation is an important part of wealth transfer planning. Trusts can reduce the size of your taxable estate while your family members still benefit from assets held in the trusts you create. However, setting up a trust that serves your goals can be difficult. You need to choose the right trust format and be…
On this inspiring episode of ProfitSense with Bill McDermott, Miles Young of On Time Supplies shared his story of being compelled to create a solution to the problems he saw in the office supply space and the rewards that come from taking a risk. Bronson Lavender, Senior Vice President with Pinnacle Bank, talked about his passion and…
Has your business hit a ceiling you can’t break through? Is your business growing so fast you’ve lost control? There’s a better way. There are 6 elements that are the backbone of proven, productive, and well-loved companies everywhere. Check out the System & Soul framework for your business.