Tag-Archive for Selling Your Accounting Firm

When to Sell Your Business

You might be considering whether now would be a good time to sell your business. If you look at the very strong seller’s market in residential real estate, you can’t help but wonder if similar things are happening with business sales. There is certainly plenty of optimism among CEOs and CFOs. According to Dykema’s annual…

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Importance of Keeping your Business Sale Confidential

Selling a business is a fairly complicated process, and there are a lot of important steps that need to be taken to ensure a smooth and successful transaction. First and foremost, you need to be well prepared with organized and detailed information that will help prospective buyers obtain a good understanding of your business, and…

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How Can a Business Broker Help Me Get a Better Price When I Sell

If you are looking to sell your business, the thing that is probably on the top of your mind is how much money you can get for it. After all, you have put many years of your life into this business, and you want to make sure you walk away with a good price for…

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Its a Seller’s Market for Many Businesses

When the novel coronavirus pandemic caused the country to lock down last March, many people assumed that this would trigger a glut of businesses for sale, with savvy buyers swooping in to snap up bargains at pennies on the dollar. It was also thought that business owners would have a difficult time selling, and that…

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How Do I Know When It is Time to Sell my Business

Your business is your baby, you have invested years of blood, sweat, and tears birthing it, nurturing it, and growing it to profitability. Along the way, there have been many ups and downs; but through it all, you have experienced great joy in the journey. With so much of their lives invested in their business,…

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Selling Your Business During a Global Pandemic

Many business owners who have been planning to sell and cash out from their life’s work have been concerned that they may not be able to do that for a while because of the COVID-19 pandemic. The coronavirus outbreak has certainly impacted every business in one way or another, but this does not necessarily mean…

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Choosing the Right Tax Structure for Selling a Business

If you are considering selling your business sometime in the not-too-distant future, one issue that will most certainly factor into the transaction is taxes. Since most business owners have never been through the process of selling their company in the past, this is usually one of those great unknowns, and it can be a very…

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When is the Best Time to Sell a Business

For every business owner, there will come a time when they need to exit the stage. Some will turn their business over to the next generation, while others might want to sell to employees or an outside party. Most people exit businesses for lifestyle rather than financial reasons. Some common reasons may include retirement, health…

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Important Questions to Ask When Financing a Business Sale

Selling a business that you have put many years of your life into is the monumental decision. The business you own is most likely your largest asset and is probably also your main source of income. This is why, when the time comes for you to exit, you need to put a lot of thought…

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Maximize Accounting Practice Sale through Transition Planning

Most sellers would prefer to receive all cash when selling an accounting firm. The problem is that most savvy buyers and certainly the best operators in the accounting field understand client retention risk. Buyers cannot truly understand the size or scope of the risk of retaining clients within a firm, so they hold back a…

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