Rollovers as Business Startups (ROBS) allow a person to start or acquire a business using their 401(k) without paying early withdrawal penalties or upfront taxes. I utilized my 401(k) when I purchased a business from Viking M&A years ago. You might be surprised at how many folks have no idea that this is an option! What is a ROBS? A …
The idea of selling the daycare center that you have worked hard to build may be difficult to fathom, but chances are, if you are reading this, the thought has crossed your mind. You may be wondering how to sell a daycare business in Knoxville successfully. Perhaps you have wondered: How can I prepare my business for sale? How can …
It is a great time to own, buy, or sell a business in Knoxville. The Small Business Administration has stepped up their efforts to make acquiring a business more obtainable in the short term. Also, the current tax structure is as advantageous for a seller as it likely will ever be. We are seeing a surge in buyers looking for …
The general contracting sub-sector casts a tremendous net over a variety of trades within the construction industry in Knoxville. General contractors focus on everything from interior design to disaster renovations. Mergers & Acquisitions activity is on the rise in the construction sector for businesses who were able to withstand the COVID-19 impact. Timing is critical when selling a construction business …
We had the chance to sit down and reconnect with Ron Boles, former owner of Builder’s Fireplace. Three years later, Ron reflects on selling his business, having the time to focus on his health, and now enjoying his retirement with his family. Tell us a bit about yourself. My name is Ron Boles. My wife Jan and I opened Builder’s …
Viking Celebrates 25 Year Anniversary with Random Acts of Kindness Challenge As Viking celebrates 25 years in business, we wanted to also give back to some great charities in the Charlotte community. During the celebration we distributed $10 to nearly 300 attendees, with a Random Acts of Kindness Challenge to donate it to a charity, help out someone you know, …
As we approach our 25th year anniversary, 6-years since I purchased my father’s interest out of Viking, we knew it was time to improve. Our first step was hiring a senior level executive to oversee the marketing of the firm and surround him with the right team to accomplish our goals. Our Director of Marketing, Sam Casey, came with fresh …
Whether a person is buying or selling a business, business brokers can assist with the process and help ensure a desirable outcome. What are Business Brokers? Business brokers are professionals in the field of buying and selling businesses. For this article we will focus on the selling side of the process. Business brokers serve as a guide and intermediary for …
After investing years, money, and passion into your small business, when it is time to sell, it is worth doing it properly. Working with a reputable business broker is the best way to ensure that you find the right buyer for your business and achieve the best outcome both financially and relationally. What should I know before I sell my …
The saying is true: money can’t buy happiness. On the other hand, as my father says, “Money isn’t everything, but it sure helps keep the kids in touch!” While Dad’s sentiment usually gets a laugh, he actually makes a very wise point. The Money Does Matter We can certainly agree that life is about more than money. But when a …
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