3 Benefits of Proper Business Exit Planning
Proper business exit planning means much more than just an owner trying to maximize the selling price of a business. Yes, selling for top dollar can certainly be one benefit of exit planning, but when done properly, there are additional layers of benefits to be found for not only the Seller, but also for the Buyer and for the business …
4 Important Tax Issues to Consider When Selling a Business
There can be significant tax implications on selling a business. Inevitably, you will pay taxes on the income of the sale, but there are some ways to minimize your taxes on selling a business so you can keep more in your pocket. Before we launch into different tax issues to consider when selling, the first step is to get a …
What Happens to Cash When Selling a Business?
We receive many questions about various aspects of selling a business, from valuation methods to taxes on selling a business to when to tell employees you are selling. Another important consideration: “What happens to cash when selling a business?” Normally, cash is not included as an asset when selling a business. This means the business owner (Seller) keeps all cash …
10 Proactive Tips For a First-Time Business Seller
Selling a business is a complex process. There’s far more to it than most business owners realize. These ten proactive tips will help a first-time seller prepare to sell their business for the highest value. 1. Use a Professional Advisor A professional, experienced and qualified sell-side advisor will provide an accurate assessment and valuation of the business, market it effectively, …
Why You Should Keep Personal & Business Expenses Separate
Running personal expenses through your business may not seem like a big deal, but this practice can cause problems you may not have considered. Here are a few reasons why you should keep your personal and business expenses separate. 3 Important Reasons to Stop Running Personal Expenses Through Your Business 1. Rules are rules, and you may be audited. The …
Selling a Business: 3 Types of Buyers You Will Meet
Even if you have just begun thinking about selling a business, you have likely already realized that the world of mergers & acquisitions can be overwhelming. For business owners who are new to the selling process, there is a great deal to learn. That is why Viking Mergers & Acquisitions educates all of our sellers on the different types …
How Can I Sell My Business Fast?
Overall, working with a business broker is the best way to sell your business fast. Business brokers specialize in the buying and selling of businesses, and they can save you a great deal of trouble compared to selling on your own. Be sure to follow these 5 foundational steps: 1. Determine how much your business is worth. Having a thorough, …
What Will a Business Broker Help Do?
More than ever, business owners are realizing the need for increased efficiency and responsiveness to change, and whether you are buying or selling a business, bringing in the right kind of help can make all the difference. But what will a business broker help do that you can’t do for yourself? This is a worthwhile question, and the answer may …
When Should I Use a Business Broker? 3 Key Indicators
When selling a business, one of the biggest impacts on the process will be whether you use a business broker or attempt to navigate the sale on your own. As an entrepreneur, there is a natural instinct to figure out and handle many things yourself; on the other hand, seasoned business owners also learn to recognize when to hire a …
