Leases should never be overlooked when it comes to buying or selling a business. After all, where your business is located and how long you can stay at that location plays a key role in the overall health of your business. It is easy to get lost with “larger” issues when buying or selling a business. But in terms of stability, few factors rank … [Read more...]
What Makes the Sale of a Business Fall Through?
There are a myriad of reasons why the sale of a business doesn't close successfully; these multiple causes can, however, be broken down into four categories: those caused by the seller, those caused by the buyer, those that just happen (“acts of fate”), and those caused by third parties. The following examines the part each of these components can … [Read more...]
Advertising rules for Business Brokers
Monica Gilroy, esq., a founding principal of The Gilroy Firm, spoke to the Georgia Associations of Business Brokers on Oct. 30 about rules governing advertising businesses for sale and real estate. Ms. Gilroy is the firm’s managing partner and has more than 25 years of experience practicing law. She is an active partner in the Litigation … [Read more...]
Three Major Legal Mistakes to Avoid During a Sale
The business sale process can be complex, which is why it's best to have expert help from a business broker. Brokers can help you avoid costly legal mistakes which can bring the entire sale process to a sudden and complete halt. Let's take a closer look at what you can do to avoid these kinds of issues when selling your business. Major Mistake 1 … [Read more...]
Interested in Buying a Business? Check Out These 3 Commonly Overlooked Areas
When it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you'll want to leave absolutely no stone unturned. Let's examine the three most commonly overlooked areas when it … [Read more...]
UGA Small Business Development Experts To Speak Sept. 25
If you own or operate a Georgia business, you can get free confidential consulting services including helping with business plans, buying businesses and leasing space. Find out how on Sept. 25 when two experts with the University of Georgia's Small Business Development Center speak to the Georgia Association of Business Brokers. Area Director … [Read more...]
Advertising a Business for Sale Without Divulging Too Much
By Peter Siegel, MBA, Founder of BizBen.com A west coast businessman learned the hard way about revealing too much in a business for sale advertisement. According to an article written for BizBen, the seller thought it was important to give as much information in the ad as possible, so only people specifically interested in his business would … [Read more...]
All About Qualified Opportunity Funds – New Tax Tool Available To Defer and Possibly Eliminate Gains
By Andrew L. Moore, CPA Effective January 1, 2018 the Tax Cuts and Jobs Act established Federal Qualified Opportunity Zones (QOZs) with the goal of allowing large amounts of capital to flow into economically distressed area across the country. To promote capital investment in these Qualified Opportunity Zones, legislators included three … [Read more...]
5 Key Factors in Transferring Your Business to a Family Member
The odds are that you've put a great deal of yourself into your business. Inevitably, the day will come when you will walk away from your business and begin a new chapter of your life. You may be among the business owners who wants to transfer your business to a family member. Here are five key factors you'll want to consider when making this kind … [Read more...]
Biz Chronicle Publisher spoke to GABB Aug. 28
David Rubinger, publisher of the Atlanta Business Chronicle, spoke on Aug. 28 to the state's largest organization of professionals who broker business sales and purchases, the Georgia Association of Business Brokers. The GABB meeting, which is free and open to the public, was held at the Atlanta Realtors Center at 5784 Lake Forrest Dr. NW, … [Read more...]