Recent Company/Industry News

Monthly Update – February 2020

        eNewsletter February 2020 Featured Clients this issue: **Details of each client below article   – Commercial Vehicle Maintenance and Repair #1718 – Profitable CBD National Operation #519 – Highly Profitable Fitness Center, Semi-Absentee Owner #318   When is the Best Time to Sell Your Business?   My team members and I are often asked that question. With the understanding that the only person that can answer the question is you because of your unique situation, there are some factors that can align to increase the value and marketability of your business. These factors include: When the

Read More »

Monthly Update – January 2020

          eNewsletter January 2020 Featured Clients this issue: **Details of each client below article   – Steel Fabrication Business #2019 – Top Rated Fitness Franchise in Great Location #619 – Full-Service Provider of Electronic Systems #1118   Positioning Your Business For Sale   In order to maximize the value of your business, it is important to start planning for the sale three to five years in advance, but it is never too early to start the process. Below are several items that will make your business more attractive to the market. Financial Information – Timely accurate

Read More »

Monthly Update – December 2019

      eNewsletterDecember 2019 Featured Clients this issue:**Details of each client below article – Online Virtual Radon Training Business #2119– High Recurring Income Fitness Gym, Semi-Absentee #1619– Niche Auto Repair  #819  State of the Business Transfer Market The other day, I was on a conference call with a potential seller and his accountant. Near the front end of the call, the potential seller indicated that he was nearing retirement, getting tired, and wanted to sell his business, but only if market conditions are right. A variation of this conversation is part of virtually every discussion that we have with our prospective clients. In

Read More »

Monthly Update – November 2019

eNewsletter November 2019 Featured Clients this issue: **Details of each client below article – B2B Specialty Equipment Service Business #1919 – Two Exceptional Home Building Centers in Rural Colorado #1719/1819 –  Landscape, Irrigation, and Erosion Control Business  #2118 Proactive Tax and Transition Planning   Most businesses have a calendar year end. With that in mind, it is time for business owners to sit down with their tax advisors and plan to manage their business and personal taxes for 2019, if they have not already done so. Although no one likes to pay taxes, if you are planning to sell your business within

Read More »

Monthly Update – October 2019

eNewsletter October 2019 Featured Clients this issue: **Details of each client below article – Recreational Facility Construction Contractor #319 – Sports Pub with Real Estate #1318 – Steel Fabrication #419 It is a bit cooler and the leaves are turning, indicating that Fall has arrived.  Even without those telltale signs, the increased level of acquisition activity at our office would let us know that we have changed seasons, as we are seeing multiple buyers submitting proposals to acquire our clients. On a somewhat different note, last week, I attended a three hour presentation from an economist, who despite the current political

Read More »

Monthly Update – September 2019

eNewsletter September 2019 Featured Clients this issue: **Details of each client below article – Well-Established Property Management Firm #1419 – High Recurring Income Fitness Franchise #1619 – B2B Service Business #2018 The Timing of Selling A Business   With the advent of Labor Day and the end of the summer vacation season, we typically see an increase in buyer activity as people and businesses focus on completing transactions before the end of the year. Many business owner’s underestimate the time that it may take to sell a business. This month’s featured article addresses the process and the amount of time that

Read More »

Buying A Small Business Using Retirement Funds

Acquiring A Small Business Using ROBS Can Meet The IRS Prohibited Transaction Exception Written by: David Nilssen An increasing number of entrepreneurs are capitalizing their small business or franchise with their own IRA or 401(k) funds without taking a taxable distribution or getting a loan. Although growing in popularity, this option is still relatively unknown by many dreaming of owning a small business or franchise. In other words, thousands of would-be entrepreneurs are unaware they could be accessing start-up capital that is sitting in their own retirement accounts. Known as a “Rollovers as Business Start-ups ” or ROBS, this arrangement

Read More »

Build Your “Going Concern”

By definition, the term Going Concern is defined most often in the accounting world as something close to “a company that has the resources needed in order to continue to operate indefinitely.” This is a good, macro scale place to start thinking about your company and the various facets that make the organization tick. Then there are some next level questions to discover how dependent the generation of those resources are on a single person or single group of people, whether that group is internal to the organization (employees) or external to the organization (customers). Diversification of the generation of

Read More »

First Business Brokers, Ltd. Acquires Peak Business Brokers

First Business Brokers, Ltd., is proud to announce the recent acquisition of Peak Business Brokers. “I have had an excellent 15+ year business relationship with First Business Brokers, and with its owner, Ron Chernak,” Don Smith, owner of Peak Business Brokers, said. “I can wholeheartedly recommend FBB and Ron as they continue the legacy of my firm.” Established in 1982 by Ronald V. Chernak, CBI, M&AMI, Fellow of the IBBA, First Business Brokers, Ltd., represents privately owned businesses and assists with the complex legal, accounting, and negotiating issues involved with the sale of a business. First Business Brokers, Ltd., has

Read More »

The Two-Year Tax Reprieve: It Might Be Time to Think About Selling Your Business

By Wayne Farlow If you are considering retirement and have an ownership position in your business worth $250,000 or more, the two year extension of the “Bush tax cuts” could provide an opportunity for significant tax savings. For the next two years, long term capital gains and qualified dividends will be taxed at a maximum rate of 15 percent. In 2013, capital gains tax rates will likely increase to at least 20 percent and could increase to 28 percent on the “wealthy” (couples earning $250,000 or more per year). On top of this likely tax increase, 2013 will also usher

Read More »