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Michael Shea

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tampa

What is the benefit of an S Corporation for Small Business

April 27, 2023 by Michael Shea PA

Pass-through taxation: S corporations are not taxed at the corporate level, which means that income, deductions, and credits pass through to the shareholders’ personal tax returns. This avoids the double taxation that C corporations face.

Filed Under: Uncategorized Tagged With: businessbroker, corporation, michaelshea, scorp, tampa, taxation, Transworld

MARKETING FOR SMALL BUSINESS- A TIPS TO IMPACT YOUR BRAND AND BUSINESS

April 7, 2023 by Michael Shea PA

Host a social media contest: Encourage your followers to participate in a contest or giveaway to win a prize. This is a great way to increase engagement and build brand loyalty.

Filed Under: Business Management Tips Tagged With: business, marketing, sales, socialmedia, tampa

Why do only 10% of Family Businesses Sell?

March 24, 2023 by Michael Shea PA

In the 1980’s, the Family Firm Institute did a study showing that about 30% of all family-owned businesses survived into the second generation; about 12% made it to the third generation; and only 3% survived through the fourth generation and beyond.

Filed Under: Business Management Tips, Selling A Business, Selling Your Company Tagged With: business, exit, family, orlando, parents, professional, tampa

AI (artificial intelligence) in an office environment

March 21, 2023 by Michael Shea PA

Enhancing Decision Making: AI can analyze large amounts of data and provide insights that can help managers make better decisions. For example, AI-powered tools can analyze sales data to identify patterns and make recommendations for pricing and marketing strategies.

Filed Under: Buy a Business Tagged With: ai, artificial intelligence, customerservice, michaelshea, smallbusiness, tampa, tampabusinessbroker

Balance Sheet on Big Deals

March 16, 2023 by Michael Shea PA

When buyers at the Middle Market or M&A level go to buy they want to understand the subtler elements of the business and really dig down into cash flows, inventory, liabilities etc. Work In Progress is an important calculation as traditionally the WIP is credited to the buyer….not having your balance sheet in order can cost you in price and terms.

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: #m&a, balancesheet, florida, Lakeland, middlemarket, orlando, tampa, Transworld

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