Navigate the Tax Maze: Unraveling the Sale of Your Tampa Business with Michael Shea Selling your Tampa business is a momentous occasion, brimming with both excitement and anxiety. While visions of freedom and financial reward dance in your head, the looming complexities of taxes can cast a shadow on your joy. Demystifying Tax Beasts: First, […]
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Navigating the Sale: Avoiding Common Pitfalls by Michael Shea, Tampa Business Broker
**Navigating the Sale: Avoiding Common Pitfalls by Michael Shea, Tampa Business Broker** In my experience as a business broker, I’ve witnessed a recurring narrative where business owners embark on the journey to sell their businesses independently, motivated by the idea of saving on broker commissions. However, this often leads to a perilous situation akin […]
Leverage Your Confidentiality Agreement To The Max
Effective utilization of a confidentiality agreement is paramount for ensuring the success of lucrative transactions. Failure to employ and uphold confidentiality agreements properly can swiftly derail promising deals, giving rise to an array of complications. From employees stumbling upon potential sales to the risk of losing vital customers or inadvertently notifying competitors about a business […]
Tampa Business Boom: Recession-Proof Businesses on the Rise!
Hey Tampa bay entrepreneurs, Michael Shea here, your Transworld Business Broker. Remember the Great Recession? Yeah, not fun. Then came COVID, lockdown, economic jitters – enough to make anyone crave some business stability. That’s why the term “recession-proof” is hotter than a Cuban coffee on a Florida summer day. But what industries are actually […]
What is the difference between a Brokers Opinion of Value and a Business Appraisal?
A Broker Opinion of Value (BOV) and a business appraisal are both methods used to estimate the value of a business, but they serve different purposes and involve different levels of formality and expertise. Here are the key differences between a Broker Opinion of Value and a business appraisal: 1. Why do we need […]