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Searching For A Business To Buy

Let's talk about buying businesses! When we're house hunting, we can punch in a few criteria like price, bedrooms, and amenities, and voila, there's a list of options right in front of us. But when it comes to buying a business, it's a whole different ball game. As a...

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Selling Your Business to an Employee

Cover all the bases! Business Valuation: Accurately valuing the business is crucial for setting a fair sale price. A thorough assessment of the business's financials, assets, market position, and growth potential will help determine its worth. Terms of Sale: The terms...

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Selling a business is a significant undertaking, often requiring sellers to present their financials in the best possible light. One crucial aspect of this process is the identification and verification of addbacks and taxable losses. However, in the complex world of business sales, my mantra “If in doubt, leave it out” becomes a guiding principle.  Here is my advice when preparing financial statements and the wisdom of erring on the side of caution.

Understanding Add Backs and Taxable Losses: 1. Addbacks: Addbacks are adjustments made to a business's financial statements to reflect the true earning potential of the company. These adjustments typically involve discretionary expenses, one-time costs, or owner...

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