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...]

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...]

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...]

Valuation Theory PowerPoint by Dan Browning

Dan Browning, a GABB Affiliate, has 20 years of experience as a business appraisal professional and holds the Master Analyst in Financial Forensics (MAFF) and Accredited in Business Appraisal Review (ABAR) designations from the National Association of Certified Valuators and Analysts (NACVA). He spoke to the Georgia Association of Business … [Read more...]

How Does Your Business Compare?

When considering the value of your company, there are basic value drivers. While it is difficult to place a specific value on them, one can take a look and make a “ballpark” judgment on each. How does your company look? Value DriverLowMediumHigh Business TypeLittle DemandSome DemandHigh Demand Business Growth LowSteadyHigh & Steady Market … [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...]

How Fairness Opinions Protect the Sale of Businesses

Since one often hears the term “fair value” or “fair market value,” it would be easy to assume that “fairness opinion” means the same thing. A fairness opinion may be based to some degree on fair market value, but there the similarities end. Here's what a fairness opinion is and how it could affect the sale of a business. Assume that you are … [Read more...]

Don’t Let the Dust Settle on Your Commercial Lease: Eleven Factors to Consider

Owners often don't understand their leases, and this can be an expensive oversight. If your business is location-sensitive, then the status of your lease is likely a major factor in the value of your business. The location of restaurants and retail businesses is usually critical to the operational success of the business. But every business should … [Read more...]

GABB Spring Conference May 15: Taxes and Transitions

Learn about taxes and transitions at the Georgia Association of Business Broker's Spring Conference on May 15. Presenter Monty Walker will do two three-hour seminars. The morning session will cover a Tax Update for Business Brokers and the afternoon session will be Case Studies of Transactions. The GABB has secured continuing education … [Read more...]

GABB CPA’s Discussed Tax Law Impact on Businesses

Wondering how the new tax laws will affect your business? Three certified public accountants discussed how tax law changes will affect businesses, individuals and business valuations during the March 27 meeting of the Georgia Association of Business Brokers. The three accountants also answered questions from the GABB, the state’s only … [Read more...]