Credits, CPAs and Cannabis at May 28 Business Broker Meeting

Find out about tax credits and the emerging cannabis industry in Georgia when three CPAs from Frazier & Deeter speak at the May 28 Georgia Association of Business Brokers meeting about those changes as well as other tax programs that affect both buyers and sellers of businesses. Andrew Moore, CPA, Senior Manager of the Tax Department at … [Read more...]

A Must-Read Article on Having Children Take Over the Family Business

If you're like most business owners, you look forward to the day that you can hand over the keys to your children. But there are some issues to consider, says Josh Patrick, the owner of a wealth management business, Stage 2 Planning Partners, that focuses on the strategic issues faced by the owners of private businesses. In a recent Divestopedia … [Read more...]

Embracing Technology to Boost Your Business

Technology can help business owners get top dollar when selling their business, according to Keith Gregg, Chairman/CEO of Chalice Wealth Partners, a San Diego-based wealth tech member organization for independent wealth advisors. Gregg, in February 8, 2019 article in Forbes, “Using Tech to Enhance and Sell a Business,” says some small business … [Read more...]

Thinking About Succession Planning

If you own a small business and haven’t thought about succession planning, you should. Brad Cherniak Co-Founder and Partner of Sapient Capital Partners, a Toronto-based advisory firm, examined the importance of succession planning in a February 20, 2019 Divestopia article, “All Companies Need to Look at Succession Planning.” Owning and/or operating … [Read more...]

Could the Red-Hot Market for Businesses Be Cooling Down?

The economy is red hot, and that fact is translating into lots of businesses being sold. However, it is possible that this record-breaking streak of sales could cool down in the near future. Entrepreneurs who are considering selling their companies say they’re worried about the future of the economy, according to an article posted on Inc. in … [Read more...]

How to Create A Business Plan

If you're hoping to borrow money to buy or start a business, you'll probably need a business plan. A business plan, which projects 3-5 years ahead, is your road map for your business. It outlines how a company plans to reach yearly milestones, including revenue projections. A well-thought-out plan also helps a business focus on its key elements … [Read more...]

What Kind of Buyers are You Most Likely to Meet?

Selling a business can be an exciting and rather lucrative time.  But going through the sales process means embracing the notion that you’ll have to be very prepared for whatever might be thrown your way.  A key aspect of preparing to sell your business is to know what types of buyers you’re likely to encounter. It is only logical to anticipate … [Read more...]

Confidentiality Agreements: What are the Most Important Elements?

Every business has to be concerned about maintaining confidentiality. When business owners are getting ready to sell their business, they often become somewhat obsessed with confidentiality. It goes without saying that owners don’t want the word that they are selling to spread to the public, employees or most certainly their competitors. Yet, … [Read more...]

Why Goodwill Is Important to Your Business

Goodwill can enhance the value of your business, but what does the term mean when buying or selling a business? Usually, the term “goodwill” is a reference to all the effort that a seller puts into a business over the years that he or she operates that business.  In a sense, goodwill is the difference between an array of intangible, but … [Read more...]

Learn How to Prepare Your Business to Sell-Feb. 26 GABB Meeting

Just before retirement is not the best time to prepare your business to sell for an attractive price. Savvy business owners spend years thoughtfully preparing to transition out of business ownership. UGA Small Business Development Center consultant Daniel McCoy discussed ways that small businesses can prepare for the day when they want to sell … [Read more...]