MARK HERRMANN

Blog by MARK HERRMANN

LendingTree's 2024 Boomer Entrepreneurs Report

01.04.25 05:28 PM - By MARK HERRMANN - Comment(s)
LendingTree's 2024 Boomer Entrepreneurs Report
Whether you’re 18 or 65, owning a business is challenging, with no guaranteed path to success. While many factors contribute to a business’s chance of survival, the obstacles and opportunities you face shift as you get older.

In Search Of a Boring Business

26.03.25 04:26 PM - By MARK HERRMANN - Comment(s)
In Search Of a Boring Business
Younger would-be chief executives are increasingly seeking profits—and freedom from the 9-to-5—by pivoting from corporate jobs into often unglamorous small-business niches.

The Emotional Side of Selling Your Business: Are You Ready?

04.03.25 08:41 PM - By MARK HERRMANN - Comment(s)
The Emotional Side of Selling Your Business: Are You Ready?
When it comes to selling your business, it's easy to focus solely on the numbers, but it's important to remember that they only tell part of the story.

How to Get Your Tax Returns Ready to Sell Your Business

04.03.25 08:26 PM - By MARK HERRMANN - Comment(s)
How to Get Your Tax Returns Ready to Sell Your Business
Selling your business is a complex process, and one of the most time-consuming and detailed steps is due diligence.

The Tax Implications of Buying or Selling a Business

03.02.25 05:17 PM - By MARK HERRMANN - Comment(s)
The Tax Implications of Buying or Selling a Business
Buying or selling a business is a significant financial decision that comes with various tax implications. Understanding these can help you avoid costly mistakes and make the process smoother. Whether you’re a buyer or a seller, here are the key tax considerations you should be aware of.