When a potential buyer contacts us we generally start off the conversation by asking the question "Why do you want to buy a business"? These are generally the 3-4 responses we receive. They range from it that time in your life when you don't want to work for someone else and have the desire is there to purchase a business. Or you are in between jobs, or seeking a career change. Or you have been out of college for a couple of years and its that time to go into your own business.
As a Business Owner you know when its time to sell ........But Being So Busy........ Many Times Business Owners Don’t Know Where to Start the Selling Process .........
It's an accounting fact that valuing a business is often the most challenging and difficult part of the process of selling or buying a business. You shouldn't try to do this on your own but rather consult with a Business Broker or CPA. You want to tap into their expertise.
A important step you will make when organizing the business. Whether your going to purchase or start a business - you are immediately confronted with what should the legal form of ownership for your new business be, in other words should you be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business.
