Most business owners have probably found themselves wishing they had less competition.  But serious fears arise when the competitors are former employees or even former owners of their businesses. In Western Insulation LP v. Moore, a Virginia federal court re-emphasized the expanded allowable scope of “non-compete” agreements when those agreements are found in the sales…

In the wake of the Great Recession and diminished corporate employment opportunities, many people are considering whether to become business owners as a way to provide for themselves and their families. As with franchises versus independent business operations, there are advantages and disadvantages to acquiring an existing business versus going the start-up route.

In the wake of the Great Recession and staggering job losses, many employees have been confronted by the reality that traditional corporate employment can no longer be considered a relatively low risk and stable avenue to financial security. As a result, many people are considering a dream that they have had at one time or…

Part 1: To Determine Value, Get Professional Help Too often, business owners rely on the financial statements prepared by their CPA’s to determine business value.  In fact, sales prices often far exceed the values suggested on financial statements. Compilations and audited statements serve a valuable purpose in establishing hard asset value.  They are not intended,…