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 have no choice but to walk away from your business and begin a new chapter of your life. Quite often, businesses are transferred from one family member to another. In this article, we will examine 5 of the key factors you’ll want to consider when transferring your...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 Jeff Patterson and Business Consultant Aysha...Read MoreAll About Qualified Opportunity Funds – New Tax Tool Available To Defer and Possibly Eliminate Gains
By Andrew L. Moore, CPA Andrew 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 favorable tax provisions that benefit...Read More
Maintaining Confidentiality Throughout the Sale Process
There are two key ingredients when it comes to selling a business: professionalism and confidentiality. If either of these two ingredients are lacking, then you’ll most likely run into problems. Sadly, many sellers see their deals fall apart due to a breach of confidentiality. You certainly don’t want to be among their ranks. The simple fact is that a breach in confidentiality...Read MoreGeorgia Real Estate Commissioners Discuss Business Broker Licensing
GABB Board members met with Georgia Real Estate Commission officials. Front left, Deputy Real Estate Commissioner Craig Coffee. Commissioner Lynn Dempsey and GABB board member Judy Mims. Back, GABB secretary Dean Burnette, GABB President Mike Ramatowski, board member Jeff Merry and affiliate member Kim Eells. If you’re contemplating buying or selling a business in the Peach State, be...Read More
Embracing Retirement and Selling: 4 Tips for a Smooth Transition
No one works forever. Regardless of how much you love your business, sooner or later you will have to step away. Owning a business can be very demanding, especially for owner-operators of businesses. And unless you’re a zombie, you won’t live forever. So, you’ll have to embrace retirement at some point, and you may not know how to prepare to sell a business. Most business...Read More
The Top Two Ways to Purchase a Business without Collateral
Banks love collateral and for a very simple reason. If you have collateral, then the bank has something it can take if you fail to repay your loan. At its heart, collateral is a remarkably simple concept. However, unfortunately, many people who want to start a business lack it. All of this leads us to the simple question, “Can I start a business without a collateral. 1. Try the SBA There...Read MoreTwo Ways to Buy a Business without Collateral
Banks love collateral and for a very simple reason. If you have collateral, then the bank has something it can take if you fail to repay your loan. At its heart, collateral is a remarkably simple concept. However, unfortunately, many people who want to start a business lack it, and it can be difficult to finance a business without collateral. All of this leads us to the simple question, “Can...Read MoreTax Credits Can Lower the Tax Bill From Selling a Business
By Ben Zachariah, Director of Tax Credit Investments, Monarch Private Capital The sale of a business can generate substantial tax liability. But by investing or purchasing transferable tax credits at a discount, the tax burden can be reduced. Tax credits are created by governments to incentivize certain business activities that are deemed socially beneficial to communities. Historic...Read More