There are two primary ways to finance a company: debt and equity. Nearly every individual is familiar with debt, whether from student loans, credit cards or mortgages. Debt describes a sum of money borrowed by one party from another to…
When people get ready to sell their businesses, there is a natural inclination to talk up their business to make it seem attractive in the eyes of the buyers. Whether a seller has been preparing to sell their business for…
It should come as no surprise that when it comes to getting a business ready for sale, accurate financials are key. At Creative Business Services/CBS-Global, we recommend at least five years of financials. This will allow us to provide an…
Many of our clients ask us when they should start their succession planning. Our answer should come as no surprise. If you own a business, succession planning should be started as soon as possible. If you can spend time early…
Our clients often ask us for more insight into the process of selling a business. Let’s take a deeper look into the process and some steps you’ll want to take along the way. Organize Your Financial Records If you have…
Reveal business information gradually It’s easy for a business owner to get excited by an inbound request from an interested prospective buyer and eagerly respond with all of their business’ information. That’s a mistake. There are three main reasons why…
Is it The Right Time to Sell My Business? You might have heard about the expected surge of businesses going on the market as retiring baby boomers seek to sell. Does that mean that now is the optimal time for…
Facing Your Mortality with Proper Exit Planning An estate plan or buy-sell agreement is no substitute for an exit plan if you have to unexpectedly sell your business. Exit planning covers a wide variety of factors and ensures a smooth…
Evaluating a stock sale vs. an asset sale There are several factors to consider when evaluating a stock sale of a company compared to an asset sale. Sale of stock If the transaction is structured as a sale of stock,…
Structuring the Terms for Selling Your Business If you are planning to sell your business, it’s important to understand the kinds of deal options that can be structured to close and the corresponding tax implications. We recommend that you do…
How To Sell Your Business for Maximum Profit Even if you have just started a business or are currently enjoying maximum profitability, the day will come when you will want to sell your business. Without a good exit strategy in…
Acquisition as an Exit Strategy: Advantages and Disadvantages All small business owners should have a long-term exit strategy that is flexible as the business grows and changes. Of course, a popular option is to plan to sell your business. However,…