Blog tagged as Selling A Business

Selling Your Business: Key Questions and Answers

07.11.24 02:16 PM - By MARK HERRMANN - Comment(s)
Selling Your Business: Key Questions and Answers
Selling your business is a significant decision. You’ve invested considerable time, money, and effort into building and running it—perhaps it even represents your life’s work.

Avoid Common Mistakes for Your IRS Document Submission

07.10.24 02:42 PM - By MARK HERRMANN - Comment(s)
One item that may be overlooked by the seller, is their tax returns. Having your tax returns unfinished or not filed to the IRS at the specified tax deadline, can cause big delays when you go to sell your business. Here are a few tips to make sure you’re in good graces with the IRS:

The Immediate Benefits of Long-Term Planning

09.09.24 04:43 PM - By MARK HERRMANN - Comment(s)
The Immediate Benefits of Long-Term Planning
When business owners think about planning for a successful future, they sometimes believe that it will take years to reap what they sow. This can make it tempting to push such planning off to an indeterminate future date.

BizBuySell Market Insights

05.08.24 05:29 PM - By MARK HERRMANN - Comment(s)
BizBuySell Market Insights
Small business acquisitions reached a familiar milestone in the second quarter after growing 5% over the past year and 3% from last quarter, according to BizBuySell's Insight Data, which tracks and analyzes U.S. business-for-sale transaction and sentiment from business owners, buyers, and brokers.

When and How to Tell Your Employees About A Business Sale

27.06.24 03:21 PM - By MARK HERRMANN - Comment(s)
When and How to Tell Your Employees About A Business Sale
If you've decided to sell your business, the question of when and how to tell your employees becomes a big concern. There's no way around it, and it's a very delicate matter that can have serious consequences if not handled properly.