Business

Buying, selling, or handing down a business comes with a lot of factors to consider, and our professionals can help with everything from strategic purchasing to succession planning.

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Business Succession

As experts in business succession planning, our firm can suggest many courses of action to provide assurance that your business will enjoy a smooth continuance and that your heirs and business associates will be well protected. Gain peace of mind that your business will continue without you there. 

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Business Valuation

Are you considering buying, selling, merging, investing, or even raising capital for a business? The value of a business can be estimated through a variety of methods that take into account both tangible and intangible assets, and we can help you prepare the proper documents to discover the true value of the business you own or are looking to acquire.

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Buying and Selling a Business

Our firm advises prospective business purchasers about local market conditions, industry trends, and the financial condition of an acquisition candidate. If you are selling a business, we can offer advice for obtaining the best possible sales price and contract payout terms.

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Frequently Asked Business Questions

  • When do I need to begin succession planning for my business?

    Succession planning is the process of preparing a business for a transition in ownership and leadership. It's important to start this process sooner rather than later, as it can take time to find the right person or people for the job. While there isn't an exact timeline on when to start succession planning, it's highly recommended that you begin several years before you intend to leave the business. That way, when it's time to transition out of your role, the business is ready and prepared for the change. 

  • How is the value of a business determined?

    The value of a business is determined by its overall performance, assets, liabilities and potential for future growth. It's important to keep accurate records on all financials in order to accurately determine the value of a business. Additionally, you may want to consult with an expert who specializes in valuing businesses if you need more help on the matter. 

  • What do I need to consider when buying a business?

    When buying a business, there are several factors to consider. First and foremost, you should do ample research on the industry and market in which the business operates. Additionally, it's important to take into account potential risks associated with purchasing the business as well as any regulations or restrictions that may affect your ability to own or operate the company. Finally, you should work with a financial expert who can help you understand and assess the business's financials. 

  • What do I need to consider when selling my business?

    When selling a business, there are several factors to consider. First, you'll need to make sure your financial records and documents are up-to-date and accurate. You should also take the time to clean up any legal issues or discrepancies that may arise during the sale process. Additionally, you'll need to decide if you want to sell the business outright or if you'd prefer a partial sale. Finally, it's important to weigh the tax implications of selling your business and to be aware of any regulations or restrictions that may affect the sale.