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One of the most critical questions for prospective buyers, investors, and lenders is understanding a business’s true income. However, it should come as no surprise that the party most invested in uncovering this information is the Internal Revenue Service (IRS).

International Business Brokers Association recognizes Mark Herrmann and Trustmark Mergers & Acquisitions

Once the deal is sealed and the closing is complete, many business owners might think their job is done. However, ensuring that the transition to the new owner goes smoothly is crucial not only for the business’ continued success, but also for protecting your own ongoing interests.

Businesses can face various challenges, and many issues that arise are not always immediately obvious. However, there are common signs to look for when a company is in trouble or headed in that direction.

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.