Are You Sure Your Deal is Completed?

When it comes to your deal being completed, having a signed Letter of Intent is great. While everything may seem as though it is moving along just fine, it is vital to remember that the deal isn't done until many boxes have been checked. The due diligence process should never be overlooked. It is during due diligence that a buyer truly decides … [Read more...]

How to Get Approved for an SBA Loan to Buy a Business-April 25 GABB meeting

You've either got a business to sell, or want to buy a business. So getting an SBA loan may be the key to closing the deal. How do you make sure that the loan is approved, whether you're the buyer or the seller? On April 25, a panel of SBA lenders convened at the Georgia Association of Business Brokers meeting. Susan Kite, Vice President of … [Read more...]

What Should Be in Your Partnership Agreement

Partnership agreements are essential business documents, the importance of which is difficult to overstate. No matter whether your business partner is essentially a stranger or a lifelong friend, it is prudent to have a written partnership agreement. A good partnership agreement clearly outlines all rights and responsibilities and serves as an … [Read more...]

Can I Buy a Business With No Collateral

At first glance the idea of buying a business with no collateral may seem impossible, but in reality it can be done. Let's examine your options. When it comes to achieving this goal, your greatest assets are an open mind and a commitment to hanging in there despite the odds. The Small Business Association's 7 (a) Program is Your Friend One … [Read more...]

Should You Become a Business Owner?

While being a business owner may in the end not be for everyone, there is no denying the great rewards that come to business owners. So should you buy a business of your own? Let's take a moment and outline the diverse benefits of owning a business and help you decide whether or not this path is right for you. Do You Want More Control? A key … [Read more...]

Three Overlooked Areas to Investigate Before Buying

Before you jump in and buy any business, you'll want to do your due diligence. Buying a business is no time to make assumptions or simply wing it. The only prudent course is to carefully investigate any business before buying, as the consequences of not doing so can in fact be rather dire. Let's take a quick look at the three top overlooked … [Read more...]

5 Tips for Buyers of International Businesses

The decision to buy an international business is no doubt quite serious. There are numerous factors that must be taken into consideration when deciding whether or not an international business purchase is the right move. Let's take a closer look. Tip #1 – Relocating Vs. Hiring a Manager Buying an international business can also mean a substantial … [Read more...]

Georgia Film Tax Credits – not just for big business

By Andrew L. Moore, CPA Over the past several years Georgia has grown to become one of the top states in the country for film production, largely as a result of the Georgia Film, Television, and Digital Entertainment Tax Credit. Currently extended to January 1, 2019, Georgia allows for a 20 percent tax credit for companies that spend $500,000 or … [Read more...]

SCORE Association Establishes Branch in Valdosta, GA

VALDOSTA, GA, August 4, 2016–The SCORE Association, a not-for-profit organization composed of volunteers who provide free mentoring and free or low cost training to entrepreneurs who wish to start a new small business or grow a business, has opened a new branch in Valdosta, according to Arthur L. Slotkin, the Georgia District Director of the SCORE … [Read more...]

5 Reasons Buying a Business is Preferable to Starting a New One

If you are considering running your own business, one of the first questions that might pop in your mind is: should I start a new one or buy an established business. In this article, we'll take a closer look at the age-old dilemma of buying an existing business verses starting a new one from scratch. 1. An Established Concept The benefits of … [Read more...]