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Understanding the Modern Buyer

A key part of the American Dream is the notion of being financially independent and controlling one’s own fate. While times have changed, the idea of the American Dream is alive and well. Entrepreneurs have long realized that one of the quickest ways of achieving this dream is to own a successful business. The majority…

Selling Your Business in Uncertain Times: Strategies for Navigating the Current Economic Landscape

In the face of economic uncertainty, selling a business can be a harrowing task. It requires astute planning, clear-sighted evaluation of market dynamics, and a strategic approach that instills confidence in prospective buyers. As pandemic-driven fluctuations continue to redefine the commercial landscape, businesses must adapt to new norms. This blog serves as a guiding compass…

It takes a lot of work to buy or sell a business. When a once promising deal is not successful, this can be due to a wide array of reasons. However, understanding the reasons why a deal can fall apart in advance can serve to dramatically increase your odds of success. Some of the reasons…

Navigating Tax Implications When Selling Your Business: 6 Key Considerations

For entrepreneurs, possibly the most rewarding financial event is arriving at a point where they can sell their business. The excitement of a closing deal, however, can be dulled by the potential tax burdens that often accompany such transactions. As a business owner, understanding the tax implications of a sale is critical to not only…

Performing due diligence as a part of your company’s annual review is a smart move and one that can help your business in a range of ways. Through this means, if the day comes that you need or want to sell, then you’re ready to go. There are six key areas of due diligence that…

The Role of a Business Broker in Selling Your Business: Why You Need Their Expertise

Selling a business is a monumental task. Whether you’re a seasoned entrepreneur or have finally decided to take the leap and part with your startup, the process can be both daunting and complex. One key professional you might be overlooking in this venture is the business broker. The in-depth knowledge, industry connections, and deal-making prowess…

Behind the Scenes of Selling a Business: Business Brokers and Business Valuation

Selling a business is a multifaceted process requiring meticulous planning and execution, involving various stakeholders like the business owner, potential buyers, lawyers, accountants, and crucially, business brokers. In this discussion, we delve into the integral role of business brokers, especially in the bustling metropolis of New York City. The Role of Business Brokers in New…

There is no denying the fact that for most people, the decision to buy or sell a business is one of the most important professional and financial decisions that they will ever make. Let’s turn our attention to some of the key questions you’ll need to ask. 1. What is really for sale? You’ll need…

Business Valuation Services: Understanding Your Company’s Worth

In the ever-changing landscape of business, understanding your company’s worth is not only a smart proposition but a vital part of strategic growth. As an established business owner or a professional seeking to elevate your enterprise, knowing the true value of your business can pave the way for informed decision-making, strategic planning, and even sales.…

The closing is a pivotal moment in the history of a business as it marks the formal transfer of a business from one party to the next. Behind every successful closing is months of focus and hard work. Simply stated, a successful closing doesn’t just happen, but is instead the byproduct of extensive negotiations. One…