A transfer of business ownership typically follows a triggering event, such as the death, disability, termination, or retirement of a shareholder.

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. This figure is often used by internal and external stakeholders to evaluate a company's financial health and make investment decisions. However, relying on this metric alone can overstate a company's actual performance, ability to service debt, and value.

A pickup in middle-market mergers and acquisitions (M&A) work is anticipated once parties become more comfortable with doing more transactions, or with larger parts of them done remotely. Having a detailed quality of earnings report as part of the due diligence process will be key in getting any deal across the finish line.

The value of a business includes the use of its financial and nonfinancial resources as well as other non-monetary elements that influence its long-term earnings and sustainability.

For many business owners, bankruptcy has likely been viewed as a tool of last resort. However, Congress recently added a tool to the proverbial financial toolbox that could result in small businesses taking a different view of bankruptcy.

Since the start of 2020 when COVID-19 began to have a larger and more direct impact in the U.S., companies have been faced with many challenges.