An Overview of Term Sheets
If you’re planning on a business agreement to buy or sell a business, you’ll want to know about term sheets. These non-binding agreements will help with progress for both parties. The information covered in the term sheet should include everything from pricing and terms to special considerations. You can expect it to be between one and five pages in length. What is the Difference Between a...Read More
How to Trigger a Bidding War for Your Business Sale
Nearly 50% of businesses fail within the first five years in the United States. For the ones that do succeed, it’s rare for owners to run their companies indefinitely. There often comes a time when entrepreneurs want to sell their businesses. Starting a bidding war can cause the business sale to come out in your favor. However, not everyone understands how to facilitate this process....Read More
Is Your Deal Really Going to be Successful?
If you’re selling your business and things are looking positive with your buyer, you might be tempted to start resting easy. If you have a signed letter of intent, you might be even more tempted to think that things are pretty settled. However, the fact of the matter is that much can be uncovered during the due diligence process, and that is often when deals start to fall apart. Due diligence...Read More
Can You Avoid Capital Gains Tax on a Business Sale?
The long-term capital gains tax rates vary between 0%, 15%, and 20% based on the taxpayer’s income. However, you might be wondering if you can avoid capital gains tax when selling your business. Have you thought about the impact of taxes on your business sale profits? You want to make sure that all of your hard work pays off. With tax planning, you can maximize profits. We understand the...Read More