Author: fpaownertransitions

PPP Loan Forgiveness Update (6/25/20) As many of you know, a bill that was proposed in May to make the PPP loan forgiveness rules simpler to understand and more lenient to comply with.  It was passed into law.  Here are the updated rules to help you understand and stay on track. You will need to… Continue reading PPP Loan Forgiveness Update (6/25/2020)

Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped. At 5, he began studying under his cousin's tutor. At 9, he studied Latin, Greek and French. At 14, he studied classical literature and additional languages. At 16, he entered The College of William and Mary. He could write in Greek with one hand while… Continue reading Thomas Jefferson: An Amazing Life of Learning

It’s Only for Owners Who Want to Exit Soon Exit planning is designed to provide short-term, intermediate-term and long-term for business owners who want to reap the benefits of their life’s work.  The foundational goal of exit planning is to install systems and processes to build enterprise value that lets owners exit their business with… Continue reading Common Misconceptions About Exit Planning for Business Owners

Most business owners love the companies they’ve founded whether it’s because of the work they do, the changes they effect, the money they make, or something else. When owners carve out a comfort zone within their businesses, it can cause them to question why they would want to plan for their exit. They often make… Continue reading Why Would an Owner Who Loves Their Company Ever Leave It?

Many of you have recently received money through the PPP program. Unfortunately, many of you are experiencing confusion around the loan forgiveness metrics. I’m here to try to clear things up. The PPP loan money should be used for the following eligible expenses: Payroll – wages, vacation, leave (parental, family, medical or sick) and employee… Continue reading The In’s and Out’s of PPP Loan Forgiveness