SELLING PRIVATELY HELD BUSINESSES


–SINCE 1982–

FBB News

Asset Allocation for Business Purchases – A Quick Primer for Buyers and Sellers

By Graeme Cloutte, CPA The tax implications of buying and selling a business need to be addressed before coming to the closing table to finalize the carefully structured deal that First Business Brokers has put together. One of these key implications is how the transaction is structured for purposes of “asset allocation.” In what follows, …

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Seven Reasons to Sell Now

Written by Stephen J. Furrer, CPA, CEPA, ABV It seems like we’re at a fork in the road: there are some positive signs that the economy is entering the earliest stages of a long term expansion, but at the same time, if we dare read the headlines, it seems we’re destined to repeat 2008. It’s precisely because …

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Services FBB Provides

I was recently talking to a consultant that we have worked with for many years.  During the course of our conversation, I mentioned that we were working on completing a valuation assignment for a business where the son was considering buying the business from his parents.  Depending on the valuation results and other family dynamics, …

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Business Record Retention – How Long Should You Keep Records?

Provided by:  Brian Flynn, President Flynn Accounting Resources, Inc. Accident Reports / Claims (settled cases) 7 Years Accounts Payable Ledgers & Schedules 7 Years Accounts Receivable Ledgers & Schedules 7 Years Audit Reports Permanent Bank Reconciliations 2 Years Bank Statements 3 Years Capital Stock & Bond Records Ledgers, Transfer Registers, Stubs showing issues, Record of …

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