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Should you have your small business books audited?

Should you have your small business books audited?

For the vast majority of businesses with revenues under $2,000,000 the answer is no. Unless, you have external requireme

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Run your business like you’ll own it forever..and remember it’s always for sale..

Run your business like you’ll own it forever..and remember it’s always for sale..

Sounds like a contradiction right? Well it isn’t. You never know when the opportunity to sell will present itself.

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List of Common Problems We See in Small Businesses

List of Common Problems We See in Small Businesses

Below is a list compiled from talking to and evaluating hundreds of small businesses. Small business opportunities to im

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How to Make an Offer to Purchase a Small Business

How to Make an Offer to Purchase a Small Business

Buying a small business is a unique process in many ways. Here is a list of “elements” of a contingent offer

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Due Diligence when Buying a Small Business – Part 4

Due Diligence when Buying a Small Business – Part 4

In a previous post, Due Diligence Part 3, we talked about how to deal with tax returns, in Due Diligence Part 2 we talke

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SBA Loans have new underwriting policy

SBA Loans have new underwriting policy

A few days ago the SBA came out with a new lending policy to be used when buying a business. Business brokers are very e

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Teaching a course at Lone Star College

Teaching a course at Lone Star College

I have agreed to teach a course on “how to find the right business” at Lone Star College. Course will be at

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How to deal with a Business Broker if you are trying to buy a small business

How to deal with a Business Broker if you are trying to buy a small business

Business Brokers are not all alike nor are their processes. Here are 5 Dos and 5 Don’ts when working with a Busine

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When buying a small business – Allocation of Purchase price is important!

When buying a small business – Allocation of Purchase price is important!

Allocation of Purchase Price is done for tax purposes when buying the assets of a small business. The allocation is impo

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Due Diligence for Buying a Business – Part 3

Due Diligence for Buying a Business – Part 3

Assuming you’ve read Part 1 and Part 2 here we go with Part 3. Sales Tax and Due Diligence in a small business pur

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