Resources

Selling A Small Business And Tax Considerations: What Sellers Need To Know

Selling A Small Business And Tax Considerations: What Sellers Need To Know

When selling a business, the purchase price is determined by the separate values of the various assets and liabilities acquired from the transaction. What does this mean? In a nutshell, this means that when you negotiate a sale price for a business, you and the buyer must agree as to what portion of the purchase price applies to each individual asset, and to intangible assets such as goodwill.

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4 Common Emotions A New Small Business Owner May Experience

4 Common Emotions A New Small Business Owner May Experience

There are various reasons why people are motivated to have their own businesses. According to a study conducted by Guidant Financial, 55% of aspiring small business owners believe that having their own business is a great opportunity to be their own boss. The second out of the top responses is to pursue one’s passions in their own business.

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Why I Started ExitGuide

Why I Started ExitGuide

In the spring of 2020, I heard a story on the radio about baby boomers that want to retire yet are struggling with exiting their small businesses. As an entrepreneur, this struck me as odd – how can this be an issue? A few hours later I was searching online for more information and was shocked at the magnitude of the issue. 

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