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Michael Shea

Central Florida's #1 Business Broker

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Buy a Business

Do You Need a Lawyer to Buy or Sell a Business? Yes — And Here’s Why Legal Creativity Matters

June 9, 2025 by Michael Shea PA

Example 3: Employees and Non-Competes
If the seller is staying in the industry, a strong lawyer ensures airtight non-competes. If employees are moving to the buyer, their contracts might need to be rewritten. These aren’t just legal formalities — they’re key to protecting business value.

Filed Under: Buy a Business, exitplanning, Immigration and Business Buying for Foreign Nationals, Selling A Business, Selling Your Company Tagged With: businessbroker, cbi, cepa, ibba, lawyer, michaelshea, Transworld

Asset Sale vs. Stock Sale: What Business Owners and Buyers Need to Know

June 9, 2025 by Michael Shea PA

When you’re preparing to buy or sell a business, one of the most important decisions you’ll face is how to structure the transaction: as an asset sale or a stock sale. This isn’t just a legal or tax distinction—it’s a foundational element of the deal that can have serious consequences for both buyer and seller. As a business broker working across Florida for nearly two decades, I’ve seen this decision make or break deals. Let’s dig into the pros and cons of each option so you can understand what may be best for your situation.

Filed Under: Buy a Business, exitplanning, Selling A Business, Selling Your Company Tagged With: #buyabusiness, assetsale, choose, cpa, liability, michaelshea, sellabusiness, stocksale, tampabusinessbroker, tax, Transworld

From Service to CEO: Why Tampa Veterans Are Turning to Business Ownership After MacDill

June 4, 2025 by Michael Shea PA

Veterans are wired for entrepreneurship. The ability to lead, follow systems, adapt under pressure, and push through adversity makes them uniquely suited to owning and running a small business. In fact, according to the U.S. Small Business Administration, veterans are 45% more likely to be self-employed than non-veterans.

Filed Under: Buy a Business, exitplan, exitplanning, Franchises, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: businessownership, macdill, mba, michaelshea, ownersinhonor, purpose, sba, veterans

As AI reshapes the job market, former desk jockeys are discovering that the future of work might just be blue-collar—and for sale.

June 4, 2025 by Michael Shea PA

AI’s rapid advancement is automating tasks traditionally performed by humans, including administrative duties, customer interactions, and data analysis . Industries such as finance, law, and consulting are particularly vulnerable, with AI systems capable of handling complex tasks more efficiently and at a lower cost. This technological disruption is not only displacing workers but also redefining […]

Filed Under: Buy a Business, exitplan, exitplanning, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: ai, businessbroker, clearwater, michaelshea, tampa, tampabay, transition, Transworld

Florida Business Comps: The Key to a Fair Deal for Buyers and Sellers

May 28, 2025 by Michael Shea PA

The Business Brokers of Florida (BBF) is the largest cooperative of business brokers in the state, and it maintains the most comprehensive and reliable database of closed business sales in Florida. This isn’t theoretical pricing—it’s real-world, verifiable data from actual completed transactions.

As a member of BBF, I have access to this exclusive database, and it allows me to pull “comps” (comparable sales) for any business category—from restaurants to medical practices to service companies and everything in between.

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: bbf, businessbroker, buyer, comps, seller, tampa, transworldbusinessadvisors

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