As a business owner, you need to consider the role you would like to have in your business transition to evaluate the type of suitors for your business transition. In an ideal world, you’ll have 4 or 5 offers to choose from, and what you’ll find is that the companies… Read More »Ever Have to Make a Decision?
Economically speaking, COVID-19 was a “natural disaster.” That’s according to Brian Beaulieu, CEO and chief economist of ITR economics. Beaulieu focuses on helping business owners and their advisors understand the market ahead. Beulieu presents that since the cause the current recession was caused by COVID-19, and not economic factors, the… Read More »Should Business Owners Sell by 2024?
As you start thinking about selling your business, it is important to engage with someone who can assist you. You can increase your value in the final years before you sell. Ask questions such as: “How can I best position my business for sale? Who is my ideal type of… Read More »Selecting Your Exit “Coach”
During his campaign, President Biden proposed tax changes that could have a significant impact on business owners. Any business owner contemplating an exit in the next few years should consider how potential tax changes could reduce their net proceeds from a sale. If the tax plans come to fruition, the… Read More »Proposed Tax Plan Pushing Business Owners to Market
Business owners beware! The Biden administration has proposed doubling the current capital gains tax. When those tax increases will go into effect is unclear, but many economists are expecting it to occur between 2022 to 2024. The average business takes about 10 months to sell, so there’s not a lot… Read More »Act Now or Face Potential Tax Increase Bite
Business owners often come to us concerned about employee jobs and retention issues after a sale. They worry that selling their business will lead to job losses if certain positions become redundant. However, buyers today are often just as focused on retention issues. Your experienced talent can be a key… Read More »Why Employees Matter to Sellers AND Buyers?
As part of the Economic Aid Act that passed in December (and modified 2/18/2021), the Small Business Administration will make borrowers’ payments for three months on new SBA 7(a), 504 real estate and micro-loan programs. These incentives were available last summer under a stimulus program that expired in September 2020.… Read More »SBA Covers New Loan Fees Plus 3 Months Payments
Datasite’s recent research reveals that the most common 2 issues uncovered in due diligence that causes buyers to withdraw from a deal in due diligence are cybersecurity and data concerns (36%) and financial weaknesses (22%). When asked how often a deal does not progress due to an issue uncovered in… Read More »Top 2 Deal Killers in Due Diligence
President-elect Joe Biden made it clear that corporate tax rates and taxes on high net worth individuals, would increase under his administration. Just how many plans will come to fruition, and how quickly, is unknown. Executive orders, bipartisan compromises, and more modest tax increases most likely lie ahead. Although the… Read More »Looming Tax Changes May Accelerate M&A
As we continue to take companies to market during COVID-19 period, we’re asking new questions about business response plans and resilience. It’s been interesting to see the different attitudes and approaches. Business owners who are burnt out are very much taking a “sell now and let the next person deal… Read More »When COVID is the “Next Buyer’s” Problem