Many sellers worry that employees might “hit the panic button” when they learn that a business is up for sale. Yet, mergers and acquisitions specialist Barbara Taylor thinks employees might welcome the news of a possible sale. In the article, “Selling Your Business? 3 Reasons Why Your Employees Will Be Thrilled,” Taylor cited the three reasons she … [Read more...]
How to Overcome Your Fear of Selling Your Business
By C. David Chambless, President Abraxas Business Services Getting to the Closing Table to sell a business is a complex journey. At Abraxas, we often find that business owners let certain concerns and fears keep them from taking the first step toward a successful sale and a comfortable “next stage” of life. Here are four common worries that … [Read more...]
How to Claim Tax Write-Offs For Inventory in Year Purchased
New Tax Loophole May Allow Many Small Businesses to Claim Large Tax Write-Offs For Inventory In The Year Purchased! Can it be true? How do Companies Sign Up? By Andrew L. Moore, CPA Senior Tax Manager at Frazier & Deeter (Atlanta, GA) Congress, either intentionally or unintentionally, as part of the Tax Cuts and Jobs Act provided … [Read more...]
Business Valuation Theory and Practice – Part One: Valuation Approaches
By Dan Browning, founder and President of DB Consulting, Inc. This article is for educational purposes only. Nothing contained herein can be used against me in a litigation or other adversarial setting. Examples have been changed to protect the innocent (and not so innocent). How do appraisers determine the value of a business? There are … [Read more...]
Burnette to Lead Georgia’s Business Brokers in 2019
ATLANTA— Dean Burnette, founder of Best Business Brokers, will lead the Georgia Association of Business Brokers, the state’s only professional association of professionals who help in the sale and purchase of businesses and franchises, in 2019. Other 2019 GABB officers are vice president, Judy Mims, Qualifying Broker for Childcare Properties, … [Read more...]
5 Big Questions to Consider when Financing a Business Sale
How should the purchase of a business be structured? This is a point that you’ll want to address early in the sale process. For most people, buying or selling a business is one of the most, if not the most, important business decisions that they will ever make. Therefore it is vital not to wait until the last minute to structure your deal. Let’s … [Read more...]
Obtaining a Fair Market Value for Your Business
Fair market value can be used as a way for business owners to “bridge the gap between the valuation they feel they deserve and that which they’re likely to receive.” In an October 2018 Divestopedia article, Dave Kauppi says this increases the chances of a deal actually taking place. Let’s turn our attention to some of the key points in … [Read more...]