Recently had an opportunity to help a manufacture with bout 15-employees try to sell his business. All were 1099, even the office staff. This poses a big tax liability issue. Everything is fine until you get caught or there is an on the job accident....
An old adage is that a confused buyer will not buy. So true when it comes to your Profit and Loss Statement (P&L) used to represent your business performance. The ideal situation is a P&L that requires no explanation. The more explaining that is needed, the...
When you sell a house, you often make small changes to it to increase the potential sale price and ensure it doesn’t stay on the market long enough to get stale. You might do things like replacing all of the flooring to make it uniform, fixing up the yard to create...
Had an inquiry from an Entrepreneur/Sales Person that had made significant money in the trading business, now owns businesses which are semi-passive, and is now looking for a new opportunity. What is important to him is to have time, flexibility, and the...
When you spend a large part of your life building a business, the idea of selling it can be overwhelming. What will you do with your time? How will you fill your days with purpose? You may also be struggling to decide if now is the right time to make a transition. You...
When you are considering selling your business, you will most likely have no idea how much you can get for it. After all, there are a ton of different factors that go into the final purchase price. In order to get a good idea of what your business is worth, you will...
