It can be a difficult thing for a business owner to plan for the sale of their business. They have nurtured and grown the business over many years, and the thought of selling it is not something they want to contemplate, much less create a plan for. For many people this is like meeting with … Read More »

​If you’re thinking about selling your company—either now or a few years in the future—the first thing you’ll need to know is the current market value of your company. After all, only by knowing the company’s value will you have any idea whether retirement or other financial objectives can be met or if an unsolicited … Read More »

Now that the turkey is eaten and the dishes are done, it’s a great time for small business owners to take a minute to be thankful for the past fiscal year and prepare for the next one. You’re already digging into your books preparing for taxes, why not go one step further and prepare for … Read More »

Every business is an organic entity with monthly and even weekly changes effecting value and potentially the selling decision. Changes in sales, inventory, customers coming and going, changing regulations and employee movement can only be controlled and predictable to a point. For that reason, exit planning needs to be a flexible process.Some events like a … Read More »

For over 30 years Carcass Refurbishing, Inc. built a reputation for excellence and innovation.Right out of college Ivauntah Carcass saw a need and started rebuilding and improving used medical devices. She now sells refurbished medical equipment all over the world.The company has 17 employees including Iva’s daughter, Scarlet.Scarlet Carcass has been working in the shop … Read More »

Here is a good current Business Buyer example: Lima Counter and her husband Garbanzo are both, obviously, in accounting.Lima is a staff CPA in a hi-rise firm and Garb is a part time bookkeeper for two small businesses.Their combined income is about $115K. They rent an apartment and have been trying to save money to … Read More »

If you buy a new $65,000 APC or Cadillac Escalade or Lexus LX and use it 100% for business between now and December 31, you can elect to write off $25K.Then you can use the 50% first-year bonus depreciation break to write off another $20,000 (half the remaining cost of $40,000 after subtracting the $25,000 … Read More »

Buying or selling a business is all about being a smart negotiator. As the buyer, you want to obtain the maximum value for the lowest possible investment. As the seller, you want to obtain the highest price for your company. In many cases, a deal like this can seem like a struggle between the very … Read More »

There comes a point in every business-owner’s life when you begin to contemplate the idea of selling your business. You’ve invested years of your life into building the company, but you start to feel like it would be better to sell the business and move on to other opportunities.If you’ve grown your company to the … Read More »