Tag Archives: Business sale

Selling your business?

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Businesses are all about contracts; from your lease, to your employees, to your vendors and customers. What’s in your contracts, what’s not in your contracts, or no contracts at all can become a problem when it comes time to sell your business. What can or should go into a specific contract will usually be determined by the type of contract, however, an assignability clause is beneficial to you in almost ever contract. If you’re a […]

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How to determine the value of a business

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There are numerous methods for determining the value of a business, however, as a general rule a business is valued at 2 to 4 times the business owners benefit based upon the businesses financial records. The business owners benefit will typically include their salary, dividends, health insurance, company car and any other expenses paid by the business for the benefit of the owner. Although this is the general rule, there are many factors that can […]

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The best time to sell your business

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The goal of most small business owners is to create a business that they can sell to finance their retirement. Unfortunately, most small business owners are ill-prepared to sell their business because they fail to plan for it. There are a lot of things a small business owner can do to make the business more sellable and to increase its value. However, as a small business owner, a lot of what you do is focused […]

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