Putting a price on privately-held companies is more complicated than placing a value or price on a publicly-held one. For one thing, many privately-held businesses do not have audited financial statements; these statements are very expensive and not required. Public companies also have to…
When most people start thinking about different business ownership opportunities, they realize that there are plenty of choices. We always recommend finding something to do that you will love. Of course you have to choose a business that is within…
Legacy Guardian Services Business Owner Transition Services for Business Buyers and Visa Seekers Get the support you need. In the process of buying a great business, the You deserve the right support and service to make the best possible decision.…
There are many things you need to know before going into business for yourself. You need to know what you are going to do, and how you are going to do it, when you are going to get started and…
Buyers buy a business for many of the same reasons that sellers sell businesses. It is important that the buyer is as serious as the seller when it comes time to purchase a business. If the buyer is not serious,…
The following is some basic information for anyone considering purchasing a business. Is may also be of interest to anyone thinking of selling their business. The more information and knowledge both sides have about buying and selling a business, the…
The Letter of Intent has been signed by both buyer and seller and everything seems to be moving along just fine. It would seem that the deal is almost done. However, the due diligence process must now be completed. Due…
Two businesses for sale could report the same numeric value for “earnings” and yet be far from equal. Three factors of earnings are listed below that tell more about the earnings than just the number. 1. Quality of earnings Quality of…
In order to sell one’s business using the services of a business broker, a listing agreement is almost always required. For the owner of the business, signing the agreement legally authorizes the sale of the business. This simple act of…
Buyers, as part of their due diligence, usually employ accountants to check the numbers and attorneys to both look at legal issues and draft or review documents. Buyers may also bring in other professionals to look at the business’ operations.…
Once a buyer has negotiated a deal and secured the necessary financing, he or she is ready for the due diligence phase of the sale. The serious buyer will have retained an accounting firm to verify inventory, accounts receivable and…
When Buying an Existing Business is Less Expensive Than Starting One Up Buying an existing business is often much less expensive than creating one from scratch. We have lots of examples that show this is the case, however every business…