A business sale is the end of one chapter of a business and the start of a new owner’s journey. Owners should plan for succession before it becomes a matter of urgency. By working with seasoned business advisors, they can avoid many common pitfalls and hiccups.
Your banking relationship is one of the key professional partnerships for your business. Your banking partner is responsible not just for protecting and managing your assets, but also helps arrange financing to leverage your strategic plan and provides you with insights that come from working with a wide range of businesses.
The state of public health and the economy over the past year and a half led large numbers of people to turn to charities for help. These same forces created both challenges and opportunities for business owners and high net worth families, many of whom have reevaluated what they want their legacy to be.
The natural economic cycle of growth, downturn, and recovery often spurs merger and acquisition activity at different points. On the recovery side of the pandemic, we are seeing those trends multiplied by the unique conditions of these times: excess liquidity following pared-back activity; buyers looking to get ahead of upcoming growth; a hot market that…
A year of forced innovation and improvisation has transformed the way people work in ways both obvious (work from home, anyone?) and not so obvious. For businesses looking to the future, there are big decisions to make that could have a significant impact on the ability to attract and retain talent, and on maximizing the…
As people and businesses emerge from the pandemic, we are constantly finding ways in which the business landscape has shifted. The coming year will continue to highlight the temporary and permanent changes to business as a result of the pandemic.
Deposit products offered by Alerus Financial, N.A. Member FDIC.
This content available on this site is provided for informational purposes only, is not intended as investment advice or solicitation. Alerus Financial, N.A. (Alerus) makes no representations or warranties as to the accuracy, completeness or timeliness of the information. Statements of fact are considered reliable but no representation or warranty is made as to their completeness or accuracy. The information is not intended to provide legal or tax advice. Alerus does not provide legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.