So I got this question yesterday: I have decided to sell my successful business. I am leaning towards selling it on my own. I see all these websites available to list businesses and my inquiries to my accountant and attorney have not been favorable about business brokers. What do you think? Answer: For over the […]
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What are the most important things I can do to prepare my business for sale?
Planning the sale of your business is not something that you do in days or even weeks. It is a process that takes years of planning, education on tax laws, the partnership of several professionals, and the sharpened understanding of a dynamic marketplace. With over 40 years of experience in the buying and selling of […]
What is selling my business going to cost me?
When it comes time to sell your business you should not be paying fees up front to brokers. The need to charge retainers is founded in large part on the need of some brokers to cover advertising costs due to their own cash flow shortfall and business model failure. The reality is if you co-broker, […]
What records will I need to sell my business?
Clean Books and Records are essential for a business owner to maximize the sale of their business. We have a saying….”You Only Beat Uncle Sam Once” . Meaning that there is no way to avoid taxes. You can mitigate the tax impact but when you fail to maintain records that are reconciled and provable you […]
How to Buy The Right Business For You!
How to Buy the Right Business for You Buying a business is without a doubt a multi-step process. However, the steps do not merely begin at the point of research for businesses for sale or making an offer, but rather, in deciding what kind of business is right for you. There are a number of […]