Trustmark Mergers & Acquisitions

MARK HERRMANN

MARK HERRMANN

Blog by MARK HERRMANN

How to Create an Exit Strategy and Avoid Costly Mistakes

29.04.24 02:15 PM By MARK HERRMANN - Comment(s)
How to Create an Exit Strategy and Avoid Costly Mistakes
If you're thinking about selling your business, it's important to have a clear and well-thought-out business exit strategy. To begin this process, you need to identify the elements that led you to consider selling your business in the first place.

Tax Implications of Selling Your Business

20.03.24 03:44 PM By MARK HERRMANN - Comment(s)
Tax Implications of Selling Your Business
Understanding the tax implications of selling your business is a critical first step in putting it up for sale. By better understanding the tax rates that apply, it’s possible to minimize your overall tax liability and maximize the tax benefits that come with selling a business.

How to Find Out What Your Business is Worth

27.02.24 06:12 PM By MARK HERRMANN - Comment(s)
How to Find Out What Your Business is Worth
Whether you’re buying or selling a business, it’s important to set your personal feelings aside to do a systematic business valuation. There are three best practices to valuing a small business.

Shh...Why Confidentiality is Critical During a Business Sale

27.02.24 05:49 PM By MARK HERRMANN - Comment(s)
Shh...Why Confidentiality is Critical During a Business Sale
If you’re thinking of selling your business, it’s important to maintain confidentiality during the sales process. You don’t want to tip off your competitors, customers or your employees before closing the sale.

How Long Will it Take to Sell Your Business

01.02.24 07:09 PM By MARK HERRMANN - Comment(s)
How Long Will it Take to Sell Your Business
That depends. We break down the median time based on market data of different businesses to understand what drives the timeline of typical business sales.
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