Stephen M. Levinson, Esq.
When buying a business, buyers usually must sign a non-disclosure agreement, or NDA, in order to review sensitive information about the business, including financial details, inventory, and legal matters.
To discuss the intricacies of NDA’s, attorney and GABB affiliate Stephen M. Levinson will speak to the Georgia Association of Business Brokers at 10 a.m. on...Read More
James A. “Jim” Town, of Chipley, Fla., who was a GABB business broker member for many years, has died.
According to his Gary Hartman, Jim’s longtime friend and business associate, Jim had had a quadruple by-pass, was having additional cardiac problems, and died on July 16 at his desk. Mr. Hartman said that was probably how Jim would have wanted it. Jim was not married...Read More
1. Build a solid management team. A business with sales of $5 million or more needs a full complement of officers and directors. Such a team might include a COO, a CFO, a sales manager and, depending on the of type business, an IT director. It is also beneficial to create a Board of Directors with at least two outside members. This professionalization of management can remove the...Read More
We work closely with our clients to preserve the integrity of deals so that they have the best chance of a successful closing. An often-overlooked aspect of the process is understanding and embracing human psychology. In this article, we will explore some of the most common ways that psychology comes into play.
The Element of Time
It is critical that both buyers and sellers feel well...Read More
Selling a business is a complex process that experienced business brokers know how to navigate. Here are common mistakes made by business sellers that can, in many cases, torpedo a sale.
1. Not knowing what the business should sell for
One of the most costly errors a business owner can make is not knowing the approximate value of his or her business prior to entering the selling process....Read More