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Avoiding the Deal Breakers  Most small business owners are not familiar with the dynamics of selling a business because they have never sold one before. While there are many potential deal breakers, avoiding the following ten mistakes will mitigate the possibility of an aborted transaction. Read entire article |
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5 Months to Capital Gains Tax Hike  The capital gains tax rate is presently at historic lows at 15%. However, effective Jan 1 2011, this rate will increase to at least 20%, which represents a 33% increase overnight. Congress has not yet finalized the amount of the increase and it may be significantly higher. This does not include any other taxes that kick in on Jan 1, 2011. It is not too late for business owners considering a sale to get the business on the market with the goal of selling by Dec 31 2010 in order to keep more of their proceeds. |
 You Can't Always Get What You Want!
The title to the 1969 song by the Rolling Stones seems to echo what the market is telling many business owners these days. There is no question that prices for many businesses are down and for various reasons. But if there are offers on the table, a business owner must take a hard look at any offers and be realistic as to what has to change in the business or the economy for the price to go up. Enjoy the tune, sing along, or just listen while you work. |
