Blog

It's Tax Season: How You Should Prepare if You Plan to Sell 

03.02.25 04:54 PM - By MARK HERRMANN - Comment(s)
It's Tax Season: How You Should Prepare if You Plan to Sell 
Tax season may seem like the perfect time to prepare your business for a sale, but the more you plan ahead, the better the results will be in the end. Take the time now to get everything in order, and you’ll be well on your way to a successful sale in the near future.

Date Change: Beneficial Ownership Information Report Due January 13, 2025

08.01.25 02:07 PM - By MARK HERRMANN - Comment(s)
Date Change: Beneficial Ownership Information Report Due January 13, 2025
The injunction to delay the filing of your (BOI) Report has been removed. Therefore, if you meet the filing requirements to report your business entity with the FinCEN department, you must do so no later than the extended due date of January 13, 2025.

You Have a Buyers for Your Business--Now What

08.01.25 01:51 PM - By MARK HERRMANN - Comment(s)
You Have a Buyers for Your Business--Now What
While learning that you have a serious buyer for your business may feel like a cause for celebration, it’s important to hold off on the champagne.

Deadline Looms for Small Businesses to Report Beneficial Ownership Information

10.12.24 04:24 PM - By MARK HERRMANN - Comment(s)
Deadline Looms for Small Businesses to Report Beneficial Ownership Information
mall businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and evidence suggests many haven’t yet complied.

How to Value & Sell Your Retail Business

10.12.24 04:24 PM - By MARK HERRMANN - Comment(s)
How to Value & Sell Your Retail Business
Selling your retail business is a complex and time-consuming process that requires putting a course of action in place to help you attract the best opportunities.