July

What are the advantages and disadvantages of a management buyout?: Managers know the business, suppliers, vendors, and clients/customers. If they have “skin in the game” in the form of their own invested capital, they’ll be more motivated to keep the business profitable.

A self-canceling installment note (SCIN) is a promissory note that contains a provision under which the buyer’s obligation to pay automatically ceases in the event that the seller dies before the note’s maturity date. SCINs are typically used in family business transfer situations.