What Serious Buyers Look For
Obviously, serious buyers want to carefully look at the financials of a company under consideration and all of the other major aspects of the company. However, there are a few other areas that the serious buyer will investigate that sellers may overlook. The Industry – The buyer will want to take a serious look at the industry itself, the customers, the suppliers, the competition, etc. This...Read More
The Benefits of an Advisory Council
Experts recommend considering adding an advisory council to your business. This informal board would provide strategic advice on business management related issues. An advisory council would be in place to provide advice to your business, but unlike a board of directors, they will not actually make the key decisions. Further, while a board of directors often has equity in the business, an...Read More
What Are the Different Business Structures?
Over five million new businesses were started in 2022 in America alone. The first step when starting a new business is to go through the different business structures you can use. This is a crucial decision as it affects various components of your business like taxes and liability. There are five common options when it comes to an organizational structure, so you need to learn about them all...Read More
Common Mistakes to Avoid When You Value a Business
US business sales are on the rise. According to the latest statistics, over 10,000 businesses are sold each year. Is your business gearing up to join this exclusive club? If so, you are probably in the midst of learning how to value a business. Company valuation is always difficult, but it can feel downright impossible when it’s your first time. Luckily, there are a few tried-and-true...Read More
Cultivating Your Brand Strategy
Your brand is a customer’s perception about your business. It determines how they feel about the services and product that you offer. A consistent brand message over time will shape what clients and customers think about you and what you stand for. As a business owner, you need to be able to answer the following important question: why should customers care about you? Every business owner has...Read More
Becoming a Business Owner: What Does Business Ownership Entail?
For millions of Americans, owning a business is a lifelong dream. That dream is certainly attainable, given that, at any given moment, 16% of Americans are actively running their own company. We might be a nation of entrepreneurs, but that doesn’t mean that business ownership is for everyone. After all, being a business owner comes with a vast list of responsibilities, not to mention the...Read More
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 MoreRecent Posts
If you have any questions that we have not covered please don’t hesitate to contact us.