Business Articles

As a Business Owner you generally know when its time to sell ........But Being so Busy........ Many Times You Don’t Know Where to Begin the Selling Process .........

When a potential buyer contacts us we generally start off the conversation by asking the all important question "What's do you want to buy a business"? These are generally the 3-4 responses we receive.They range from it that time in your life when you don't want to work for someone else and have the desire is there to purchase a business. Or you are in between jobs, or seeking a career change. Or you have been out of college for a couple of years and its that time to go into your own business.

It's well understood that valuing a business is often the most challenging and difficult part of the process of selling or buying a business. You shouldn't try to do this on your own but rather consult with a Business Broker or CPA. You want to tap into their expertise.

Probably the most important step whether your going to purchase or start a business - you are immediately confronted with what should the legal form of ownership for your new business be, in other words should you be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business. Accounting professionals have different views on this but we say to you to first take a look at the competitors and the industry that you are buying the business to see what type of company formation many of them undertake.