Property and Casualty (“P&C”) – In addition to the general need for insurance coverage for loss protection, most transactions involve financing, with the business’ assets being used as collateral. Prior to closing, the lender will require proof, in the form of a certificate, that the lender is named as an additional insured on a policy with […]
By Julian Izbiky, Izbiky & Associates, Attorneys At Law A legal deal killer is a legal issue that causes a purchaser to walk away from a deal. A business owner can take steps in advance of a transaction to prevent a legal deal killer from occurring. Employee Issues Having key employees is a critical value
By Mason Myers, Greybull Stewardship, Business Investment Fund When selling your business, it pays to learn lessons from others. Most business owners will not get a second chance to do it well, and it is such an important process for your employees, your customers, and your own bank account that you want to maximize your
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At the FBB Group, Ltd., we finished the year with a multi-company closing on December 31 and started 2015 the right way by closing a transaction in Denver on January 5. The next several months are historically our strongest time for buyer activity and, with the strengthening economy, we expect that trend to continue. Speaking
If I were to distill the top Frequently Asked Question (FAQ) I get from business owners, it’d be this: “How can I/my business do ‘better‘?” My response is, “Do you mean you personally or your business? And what do you mean by ‘better‘?” This is The Question of about what I call “alignment” between the owner
The Differences Between EBITDA and SDE We are often asked “What is SDE?” and “What is EBITDA?” by both buyers and sellers of businesses. While both earning calculation methods for business, the use of these methods vary depending on the business structure. In this month’s article, I will attempt to explain the differences, and when
By Kathi Gurin, Sales Xceleration & Customer Experience Consultant, Sage Consulting, Inc. If you’re reading this, you’re likely receiving some great support as you move toward the purchase or the sale of a company. You have already read the excellent articles in previous FBB eNewsletters outlining the “dos”, the “don’ts”, and the “don’t forgets” surrounding
Set Your Business Apart – A Holistic View of the Business Lifecycle Read More »
By Russ Anderson, SSA, P.C., Certified Public Accountants & Advisors Generally, most small business can elect either the cash or accrual method for income tax reporting purposes. There are exceptions related to size of business, type of entity that might be a partner, and whether inventory is a material factor in producing income. The decision
At the end of March, I attended the ACG Capital Growth Conference, which celebrated its 13th year. The conference enjoyed record attendance of approximately 750 attendees, including many regional attorneys, accountants, and lenders. The conference was also attended by many Private Equity Groups from around the country. My takeaways from the conference are, first, that there is
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If you are thinking of selling your business, I cannot over emphasize the importance of addressing the need for accurate and timely financial information. Most sellers want to maximize the price that they get for their business and keep the maximum amount of cash received at the closing table. In order to achieve these objectives, one
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