How to Transfer Business Ownership
There are over 32 million small businesses in the United States. Many businesses enter and leave their respective industries each year, but there are also times when people transfer ownership to another party. Closing a business doesn’t have to be a negative experience – it can allow you to cash out and enjoy your years of hard work. We’ve put together a brief guide on how...Read More
Four Questions to Ask Yourself Before Purchasing a Business
Truly understanding a business is much like understanding the condition of a car. It is necessary for a skilled mechanic to “pop the hood” to access the true condition of a car. In much the same way, you and your team of experts need to “pop the hood” of the business in order to understand the business’s long-term health and viability. Here are four things to consider before signing on the...Read More
Take These Steps Before Buying a Business
If you’re buying a business, you might be feeling overwhelmed about all the details that are involved, especially if it’s your first business. Buying a business is certainly no small task, and that’s why you’ll want to dive into the process headfirst and make sure that you’ve carefully examined the business. Here are some of the most important elements to consider. While some of these...Read More
Difference Between an Asset Sale vs Business Sale
Ka-BOOM! That’s the sound of your mind about to explode with the revelations of what makes an asset sale different from a business sale. You might be a small or medium-sized business owner in the St. Louis metropolitan area. Your business could be in St. Charles County, St. Louis City, St. Louis County, or even the Illinois side known as “Metro East.” Wherever you are, you...Read More