Overview A lot of small business owners start planning their exit with questions about business...
Questions Owners Ask About Business Valuations
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Resources
Learn your options, essential terms and more!
Ten questions buyers ask during due diligence
When a buyer is interested in your small business, they will want to engage in a thorough examination often referred to as the due diligence process. Whether you plan to find a buyer for your small business or plan to sell to a business partner, employee or a family member, the due diligence process is a crucial step. If you need a refresher on just what due diligence means, just click here.
What if I Don’t Dissolve my Business Properly?
If your business structure is a corporation, then you filed for Articles of Incorporation through the Secretary of State’s office when you started the business.
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.
Three Tips For Getting Your Financials Ready To Share With A Buyer
The tax returns serve as a legal, objective verification of the amounts that you claim your business has earned. A potential buyer will want to see federal income tax forms that document your company’s gross sales as well as its net profit or loss.
How To Value A Small Business
Every business owner wants to know “how much is my business worth?” Let’s be honest, you built your business and it is probably a big part of your financial net worth and maybe selling it is key to your retirement planning.
Why You Need To Think About Digital Marketing Before Selling Your Business
Digitalization is rapidly taking over society and an online presence is a must for any business. As a small business owner, you are always looking for ways to reach more customers and grow your revenue.
Comparables
Ideally, as an owner, you want to ensure your business is not undervalued when the time comes to exit the business while a buyer doesn’t want to pay an inflated price. To achieve this, comparables are an excellent way to estimate the fair market value of your business.
3 Questions To Ask To Tell If Your Business Is Too Closely Tied To Your Personal Life
If you feel as if your life and business are intertwined, that’s probably because they are.
As a result, it might be difficult to distinguish between the two. Failing to establish clear boundaries between your business and personal lives can have a substantial influence on both.
How To Manage The Stress And Disappointment From Closing Your Small Business
Data also suggests that many businesses close due to personal reasons such as illness/injury, age, or selling the business.