Podknife - 26. Preparing To Sell Your Business with Andrew Kelleher by M&A Unplugged

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26. Preparing To Sell Your Business with Andrew Kelleher

Podcast |: M&A Unplugged
Publisher |: Domenic Rinaldi
Media Type |: audio
Podknife tags |: Business,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Investing
Publication Date |: Dec 10, 2019
Episode Duration |: 00:35:08

In this episode, Domenic and Andrew Kelleher discuss:

Common legal issues when contemplating selling a business
Estate issues when selling a business
Getting people comfortable with a buy/sell agreement
Life insurance as asset protection

Key Takeaways:

Begin with the end in mind; what does the post-sale life look like?
Make sure all business owners are in order before starting a sale
It is important to review the buy/sell agreement regularly as the business grows
Life insurance can preserve the value of the business

"Being proactive and making sure that these agreements or expectations are being consistently set, I think is something a lot of professionals, including lawyers, is something they should be working towards. Changing that culture towards being more proactive." — Andrew Kelleher

About Andrew Kelleher: Andrew J. Kelleher, Jr., J.D., LL.M. (Master of Laws in Taxation- Honors), Founding Member, licensed in Illinois, Florida and Arizona, concentrates in: trust and estate law, business law, tax law, and asset protection planning for high net worth business owners, executives, and individuals. Mr. Kelleher addresses a multitude of legal matters not limited to selling and acquiring businesses, advanced trust and will planning, commercial real estate, forming LLCs, partnerships and corporations, business succession planning, litigation, trademarks, intellectual property licensing, shareholder agreements, estate administration, probate, income tax structuring, estate tax return preparation, business banking and financing, employment law, executive compensation, contract review, premarital planning, divorce, and personal injury.

Connect with Andrew Kelleher:

Twitter: KelleherBuckley

Website: kelleherbuckley.com

LinkedIn: kelleher-&-buckley-llc

Phone: (847)682-5367

Email akelleher@buckley.com

Connect with Domenic Rinaldi:

Sun Acquisitions Website: www.sunacquisitions.com

M&A Unplugged Website: www.maunplugged.com

Email: marketing@sunacquisitions.com

Linkedin:  

Domenic Rinaldi: https://www.linkedin.com/in/domenicrinaldi/