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For clients who may sell a business, the time to think charitably is right now

Posted on September 26, 2023September 26, 2023 by Maureen Rice

Business owners who’ve enjoyed summertime’s more relaxed energy can deservedly daydream about the “extended vacation” that comes with selling the business! 

While it all sounds good, business brokers will tell you that many business owners fail to optimize—and they sometimes even compromise—the value of their business’s proceeds by rushing the process, hastily determining an asking price, or not fully assessing the value of their business to a potential buyer. In their haste, owners often miss strategies that can deliver an improved post-sale result and a true reward for their years of work. 

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Help Us Give Our Youngest on Whidbey a Lifetime Advantage

Posted on September 25, 2023September 25, 2023 by Maureen Rice

Help Us Reach Our Goal of Raising $15,000!

Imagine every child under age five on Whidbey Island having the opportunity to grow their own home library of high-quality books, igniting their love of reading and preparing them for success upon entering kindergarten. This dream is a reality for more than 1,000 young children on Whidbey, and you can play an important role in putting more books into the hands of our earliest learners.

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Keep your eye on clients’ appreciated stock–always

Posted on September 18, 2023September 26, 2023 by Maureen Rice

Such a difference a year makes–maybe!?

By August 2022, markets were down 12% for the year and inflation was up 8.3% year-over-year. Perhaps consequently, but then unknown, annual charitable giving was on its way to a rare (fourth time in 40 years) year-over year decline of some 4% according to Giving USA. Certainly this decline was due in part to donors not wanting to give stock at depressed values. You likely even discussed this with your clients! 

Nearly 12 months later, as of July 2023, markets were up 7.28% year to date and inflation was roughly half at 4.7% year–over-year. Even though the stock market still shows signs of volatility, hopefully, charitable giving will rebound. 

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