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For many business owners, that business is their biggest asset, and while they are almost certainly focused on running it as well as they can, they may not realize that there’s an extra set of steps they need to take to maximize its value in the case of a sale or transition – and in some cases, they may actually be driving down its eventual value.

To help business clients steer clear of some of the worst missteps, Stephen Klein, a CPA and partner with New Jersey-based Klatzkin & Co. LLP, put together a list of the 10 biggest value-destroying mistakes he has in his 40 years of working with closely held and family-owned businesses.

“Being proactive and taking the necessary steps now to avoid these mistakes will help owners to increase the value of their business while protecting their interests and securing their future,” Klein said.

You can see a text version of this story here.


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