News & Articles

Why Have a Business Valued?

Posted on Mon, Nov 27, 2017

Most business owners are reactive when it comes to having their businesses valued. But it sometimes pays to be proactive. Some valuations are necessities, such as for determining the value of the business interest in an estate. Others are obtained for more elective reasons but are helpful to business owners nevertheless.

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Tags: Gifts, Estate Planning, Business Valuation, Lawsuits, Shareholder

Think You Have an ERISA Plan? Don't Be So Sure

Posted on Mon, Oct 21, 2013

If you have an ERISA plan, it generally means your company is shielded from lawsuits that originate in state courts. This is usually good for employers, because it's harder for employees (current or former) to "make a federal case out of it" than it is for them to prevail at the state level. Having an ERISA plan also makes it less likely a state legislature could micromanage how you run a benefit plan. However, don't simply assume your plan is an ERISA plan or you could wind up in hot water. 

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Tags: Court Cases, U.S. Supreme Court, ERISA Plan, business consulting, Litigation, CPA Firm, Echelbarger, Lawsuits, EHTC