How to use Employee Stock Option Plans (ESOPs) for a specific goal: transition to a new management team, increase employee participation, create owner liquidity, or add leverage to the company at favorable tax rates.
With the time to sell a business averaging from 6 to 12 months, the transition plan for your business is imperative to the success of the sale—see the steps necessary to formulate your transition plan.
When a fire broke out at its headquarters, Motir Services lost a lot: government certifications, intellectual property and the office they called home. They decided to rebuild, and turned to SunTrust to help them come back stronger.
After taking over the business she’d worked in for more than two decades, Diana Herrera is finding new ways to invest in technology—and employees—to build on Associated Photo & Imaging’s track record of quality and innovation.
If you’ve already come up with a great business idea, you’ve taken the first major step to starting your own business. Of course, it’s not quite that simple. Here are a few additional things to consider before you get started.
Margaret Callihan, President and CEO of the South Florida Division for SunTrust Bank, discusses how businesses in her region are partnering with their bankers to finance growth, streamline financial operations and address their short-term cash needs
Use your payroll management system to help distinguish between employees and contractors. The system can automatically take care of tax deposits and filings, as well as supply year-end tax forms for both types of workers. To learn more, click here.