This happens all the time, but usually on a much smaller scale, so this story gets into headlines and serves as a reminder to all entrepreneurs. I read Why I Sold Zappos on Inc. Magazine’s website just two days after I posted Choose an Investor Like You Would a Spouse on this blog. And the...
By Tim Berry
Our ask-the-expert forum at Bplans.com presented me with this question today: Where do I start? My boss said he would sell the business for $500,000. What would be the best way to go about getting this business; and what should I know? Of course this might be the opportunity you’ve been waiting for, but let’s...
By Tim Berry
Valuation is what a business is worth, as in “this company’s valuation is $10 million.” This would mean that a company is valued at $10 million, or worth $10 million. The term is used for discussions of sale or purchase of a company; it’s valuation is the price of a share times the number of...
By Tim Berry
Many, if not most, LLC owners overlook a critical element of their operating agreement that can save them both money and angst: buy-sell provisions. When you create buy-sell, or buyout, provisions for your operating agreement, you and your co-owners can prepare for events that have been the downfall of more than a few successful small...
By Nolo
While diligently filing articles of incorporation and adopting bylaws, many corporate owners overlook a critical element of their business relationship: buy-sell, or buyout, provisions. By creating a shareholders’ agreement with buy-sell provisions, the owners of a small, privately held corporation can prepare for events that have been the downfall of more than a few successful...
By Nolo
Purchasing an existing small business may be a good way to fulfill dreams of being your own boss. But where does the money come from to purchase it? The best way to have access to funds is to have collateral. Equity in a home is often one of the best resources. If that is not...
By Tim Berry
Are you considering purchasing an existing business? You'll want to go in well-informed and well-prepared.
By Tim Berry
Consider this scenario: A wife and husband are in the starting stages of negotiating a price for a florist shop that is being sold by an elderly lady who is selling, “because her children want her to retire.” Since her husband died five years ago, the business has been going downhill, and for the past...