Thursday, April 2, 2015
Monday, December 30, 2013
Walden Businesses Announces Sara Burden, President
Chet
Walden Announces the Promotion of Sara Burden to President of Walden Businesses
ATLANTA, December
27, 2013 – Chet Walden, CEO of Walden Businesses with headquarters in Atlanta,
GA, is very pleased to announce the promotion of Sara Burden to President of
Walden Businesses, Inc.
Previously
vice president of Walden Businesses, Ms. Burden brings valuable corporate- and
private-business experience to her new role with the specialty merger and
acquisition (M&A) advisory firm. A 23-year veteran of the M&A industry,
Ms. Burden was recently honored as a Fellow of the International Business
Brokers Association (FIBBA).
“Sara is one of the top mergers and acquisitions
professionals in the industry, holding the credentials of Certified Business
Intermediary (CBI), Mergers and Acquisitions Master Intermediary (M&AMI),
and FIBBA,” said Chet Walden, who continues as CEO. “She is a trusted partner
for myself and for many others in the Southeastern business community.”
Ms. Burden represents
sellers and buyers of small to medium sized privately held companies with
values from $200,000 to $50 million. She specializes in light manufacturing,
distribution and business to business service companies. In her new role, she
also will run the day-to-day operations of the 17-person M&A firm.
A noted
author, educator and lecturer, Sara has served on the Executive Board of the
National Association of Women Business Owners (NAWBO), and has moderated and
participated in mergers and acquisitions workshops and panels for years. She
also teaches M&A educational classes through M&A Source and is a guest
speaker on numerous radio talk shows, where she provides insights and exit
strategies for business owners. She is the published author of Erik’s Hope.
Monday, December 2, 2013
Chet Walden Receives Prestigious Darrell Fouts Award
NEWS
RELEASE
Chet
Walden Receives Prestigious
Darrell
Fouts Award through M&A Source
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ATLANTA, November
27, 2013 – Chet Walden, President of Walden Businesses with headquarters in
Atlanta, GA, received the 2013 Darrell Fouts Award at the M&A Source Conference
in Savanah, GA on November 19th.
The M&A
Source was founded by Darrell Fouts in 1992 under the guidance of Tom West,
Founder of the International Business Brokers Association (IBBA). Prior to the
creation of The Source, Darrell taught IBBA classes to assist Main Street
brokers as they transitioned to larger transactions. The M&A Source was
founded on donations made from sixty IBBA members. The M&A Source
established an award in Mr. Fouts’ name in 2001, in recognition and
appreciation of the selfless vision and leadership he generously gave to the
profession.
The Darrell
Fouts Award is the most prestigious award given to an M&A Source member and
honors that member’s exceptional contributions and visionary leadership
resulting in a distinct benefit to The Source’s members, uplifting and
expanding the vision of the M&A Source and/or to the M&A profession.
Chet was
instrumental in negotiating the transfer of both IBBA and M&A Source to a
new executive management firm during his tenure as Chair-Elect and Chairman of
M&A Source (2010-2012). His leadership efforts helped bond the two
associations as they worked separately and in tandem with one another.
Chet holds
industry certifications as a Certified Business Intermediary, a Mergers and
Acquisitions Master Intermediary and a Fellow of the IBBA.
# # #
Media
Contact: Sara
Burden, Vice President of Walden Businesses
(678) 277-9951, Ext. 11
Walden Businesses, Inc. is an
Atlanta-based firm specializing in merger and acquisition advisory services for
small and medium sized privately held companies in manufacturing, distribution
and business-to-business services. www.Waldenbus.com
Monday, October 14, 2013
Monday, September 30, 2013
Jacksonville Business Journal: Cal Heseman. People on the Move
- Cal Heseman
- Date added:September 30, 2013
- Submission Type:Professional Recognition
- Current employer:Walden Businesses
- Current title/position:Jacksonville Branch Manager
- Position level:Managing Partner
- Position department:General Management
- Reason for being recognized:Chet Walden, President of Walden Businesses with headquarters in Atlanta, GA, is very pleased to announce the promotion of Cal Heseman to Branch Manager of its Jacksonville, FL offices. Cal was named ‘Business Brokers of Florida’s 2012 Top Sales Producer – North Florida Region.’
- Company headquarters:Atlanta, GA
Available here:
Thursday, September 26, 2013
Press Release: Cal Heseman Named Jacksonville Branch Manager
NEWS
RELEASE
Walden Businesses
Announces Promotion
of Cal
Heseman to Branch Manager
ATLANTA,
September 26, 2013 – Chet Walden, President of Walden Businesses with
headquarters in Atlanta, GA, is very pleased to announce the promotion of Cal
Heseman to Branch Manager of its Jacksonville, FL offices.
“Cal is an
excellent choice to manage our Florida branch. With over nine years’ experience
in mergers, acquisitions and divestiture, Cal has proven to be one of the
leaders in the industry. Earlier this year Cal was named ‘Business Brokers of
Florida’s 2012 Top Sales Producer – North Florida Region.’ We are honored to
have him on the Walden staff,” said Chet Walden, CBI, M&AMI, FIBBA.
Cal Heseman
represents sellers and buyers in small to medium sized privately held companies
with values from $100,000 to $50 million. “Our Florida clients are being
represented by one of the most professional and well-trained teams in the
industry. Cal will do an outstanding job as their leader,” indicated Mr. Walden.
Mr. Heseman
brings valuable corporate world and M&A experience to the community. He has
served on various boards through the years, including: Junior Achievement, American Red Cross, United
Way, Junior Engineering Technical Society, and Citizens for Quality Education,
and continues to be very active in the Jacksonville area. He holds an MBA from
the University of Illinois.
# # #
Media
Contact: Chet Walden /Walden
Businesses
(678) 277-9951
The Business Brokers of Florida (BBF)
is the largest state business broker association in the country, and the second
largest association of business brokers in the world. www.bbfmls.com
Wednesday, August 21, 2013
Captial Gains Tax Increases Make This a Good Time to Sell
Why The Government Could Get Half Your Business
Mike Periu, Director, Council for Economic Education
August 19, 2013
When you think about selling your business, how much of the sales proceeds do you expect to
keep? Many owners respond with a common answer: the net proceeds (sales price minus
liabilities), forgetting that silent partner Uncle Sam will also expect his cut. Changes in tax laws
from the implementation of Obamacare and from the fiscal cliff outcome have made his slice
even larger.
The U.S. has one of the highest capital gains tax rates among developed countries, according to a
study by Robert Carroll and Gerald Prante of Ernst & Young LLP. The top long-term capital
gains tax rate, when combining both state and federal taxes for a corporation owned by an
individual, currently stands at 56.7 percent. That means if you were to sell your corporation
today for $3 million, you could walk away with as little as $1.3 million, leaving $1.7 million to
the government. The difference between $3 million and $1.3 million could just be your ability to
retire vs. having to continue working.
Over the next several years, this already high tax rate is likely to increase. At the federal level,
there's tremendous political pressure to increase long-term capital gains taxes—some
congressional leaders believe it should at least be equalized with earned income tax rates if not
made higher. Influential Senator Max Baucus, who announced his retirement earlier this year,
has made securing an increase in capital gains taxes one of his key priorities before his
retirement in 2014. If Congress is able to reach an agreement that the president is willing to sign,
we could see significantly higher long-term capital gains taxes starting as early as 2015.
But rather than leave most of the fruits of your labor to Uncle Sam when you sell your business,
consider these options:
Think about selling sooner rather than later. It’s never a good idea to make decisions solely
for tax reasons, but it’s a bad idea to ignore them too. If you're already contemplating selling
your business and you don’t expect it to accrue significant value over the next few years, you
may want to consider selling before rates increase. Even a 5 percent increase in the long-term
capital gains tax rate would mean $150,000 in additional taxes on a $3 million sale.
Evaluate an asset sale vs. a stock sale. These two options can have very different results from a
tax perspective. In an asset sale, the buyer purchases the individual assets in the company and
assigns a value to each one. The total sum of these asset prices is the total purchase price. The
IRS has very specific rules as to how the purchase price should be allocated across individual
assets. The seller is left with the proceeds and an empty corporate shell that basically owns
nothing. Buyers tend to prefer this method because it allows them to avoid potential litigation
and liabilities that may be the responsibility of the company. In addition, the buyer also has the
right to depreciate the assets based on the actual purchase price, which means that the buyer’s
future tax bill will be lower. As the seller, this type of asset sale means you may be subject to a
hefty tax bill.
The alternative is a stock sale, where the buyer pays you for the shares in the company. In this
type of sale, they take ownership of everything—the good and bad, the known and unknown.
While your tax bill may be significantly lower, buyers will also want to pay less as the risk of a
forgotten lawsuit will be present and the benefit of higher depreciation on their tax bill goes
away. You'll have to review both types of sales to see which might be better for you.
Consider—with caution—changing from a C corporation to a different legal entity. If your
business is organized as a C corp and you plan to structure your transaction as an asset sale,
you're going to be subject to double taxation. The business entity will pay taxes on the profits
from the asset sale, and you'll have to pay taxes on the proceeds distributed from the company.
Limited liability companies and Subchapter S corporations don’t have to deal with this issue.
They're considered "disregarded entities" for tax purposes, meaning you'll only pay income taxes
once, not twice. If you're planning a sale in the medium term, consider switching from a C corp
to another entity. But proceed with caution: The IRS won't allow you to reap the tax benefits of
such a maneuver if it's done just before a sale or in contemplation of a near-term sale. A
company that switches from a C corp to an S corp, for example, has to wait 10 years to capture
all the tax benefits of the switch in a sale.
Consider getting paid in buyer stock. If your company is being bought by a large, publicly
traded company in which you have great confidence, you may be able to defer your taxes
indefinitely. The IRS allows you to defer income taxes on a company sale if you're paid in shares
of the buying company. As long as a significant portion of the transaction (at least 40 percent) is
paid in stock, you can defer paying taxes until you actually sell the stock. Even though capital
gains taxes are going up, this could be an important estate planning tool if you don’t plan to use
the money from the sale of the business.
Before implementing any strategies to minimize taxes due to the sale of your business, be sure to
consult your attorney, tax specialist or financial advisor.
Source: http://www.periu.com/small-business/why-the-government-could-get-half-your-business/
Mike Periu, Director, Council for Economic Education
August 19, 2013
When you think about selling your business, how much of the sales proceeds do you expect to
keep? Many owners respond with a common answer: the net proceeds (sales price minus
liabilities), forgetting that silent partner Uncle Sam will also expect his cut. Changes in tax laws
from the implementation of Obamacare and from the fiscal cliff outcome have made his slice
even larger.
The U.S. has one of the highest capital gains tax rates among developed countries, according to a
study by Robert Carroll and Gerald Prante of Ernst & Young LLP. The top long-term capital
gains tax rate, when combining both state and federal taxes for a corporation owned by an
individual, currently stands at 56.7 percent. That means if you were to sell your corporation
today for $3 million, you could walk away with as little as $1.3 million, leaving $1.7 million to
the government. The difference between $3 million and $1.3 million could just be your ability to
retire vs. having to continue working.
Over the next several years, this already high tax rate is likely to increase. At the federal level,
there's tremendous political pressure to increase long-term capital gains taxes—some
congressional leaders believe it should at least be equalized with earned income tax rates if not
made higher. Influential Senator Max Baucus, who announced his retirement earlier this year,
has made securing an increase in capital gains taxes one of his key priorities before his
retirement in 2014. If Congress is able to reach an agreement that the president is willing to sign,
we could see significantly higher long-term capital gains taxes starting as early as 2015.
But rather than leave most of the fruits of your labor to Uncle Sam when you sell your business,
consider these options:
Think about selling sooner rather than later. It’s never a good idea to make decisions solely
for tax reasons, but it’s a bad idea to ignore them too. If you're already contemplating selling
your business and you don’t expect it to accrue significant value over the next few years, you
may want to consider selling before rates increase. Even a 5 percent increase in the long-term
capital gains tax rate would mean $150,000 in additional taxes on a $3 million sale.
Evaluate an asset sale vs. a stock sale. These two options can have very different results from a
tax perspective. In an asset sale, the buyer purchases the individual assets in the company and
assigns a value to each one. The total sum of these asset prices is the total purchase price. The
IRS has very specific rules as to how the purchase price should be allocated across individual
assets. The seller is left with the proceeds and an empty corporate shell that basically owns
nothing. Buyers tend to prefer this method because it allows them to avoid potential litigation
and liabilities that may be the responsibility of the company. In addition, the buyer also has the
right to depreciate the assets based on the actual purchase price, which means that the buyer’s
future tax bill will be lower. As the seller, this type of asset sale means you may be subject to a
hefty tax bill.
The alternative is a stock sale, where the buyer pays you for the shares in the company. In this
type of sale, they take ownership of everything—the good and bad, the known and unknown.
While your tax bill may be significantly lower, buyers will also want to pay less as the risk of a
forgotten lawsuit will be present and the benefit of higher depreciation on their tax bill goes
away. You'll have to review both types of sales to see which might be better for you.
Consider—with caution—changing from a C corporation to a different legal entity. If your
business is organized as a C corp and you plan to structure your transaction as an asset sale,
you're going to be subject to double taxation. The business entity will pay taxes on the profits
from the asset sale, and you'll have to pay taxes on the proceeds distributed from the company.
Limited liability companies and Subchapter S corporations don’t have to deal with this issue.
They're considered "disregarded entities" for tax purposes, meaning you'll only pay income taxes
once, not twice. If you're planning a sale in the medium term, consider switching from a C corp
to another entity. But proceed with caution: The IRS won't allow you to reap the tax benefits of
such a maneuver if it's done just before a sale or in contemplation of a near-term sale. A
company that switches from a C corp to an S corp, for example, has to wait 10 years to capture
all the tax benefits of the switch in a sale.
Consider getting paid in buyer stock. If your company is being bought by a large, publicly
traded company in which you have great confidence, you may be able to defer your taxes
indefinitely. The IRS allows you to defer income taxes on a company sale if you're paid in shares
of the buying company. As long as a significant portion of the transaction (at least 40 percent) is
paid in stock, you can defer paying taxes until you actually sell the stock. Even though capital
gains taxes are going up, this could be an important estate planning tool if you don’t plan to use
the money from the sale of the business.
Before implementing any strategies to minimize taxes due to the sale of your business, be sure to
consult your attorney, tax specialist or financial advisor.
Source: http://www.periu.com/small-business/why-the-government-could-get-half-your-business/
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