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Buying & Selling Businesses Archives

How to get ready to sell a company

North Carolina business owners and throughout the country who plan on selling their companies in the future can take steps now to make their organizations more attractive. For instance, it can be a good idea to keep records that accurately reflect the company's health and performance. Since buyers will analyze years worth of data, it is important to start organizing that information as soon as possible.

What to know about using business brokers

Business owners in North Carolina and throughout the country can make a lot of money selling their companies. However, it is important to find the right buyer, and a business broker may be able to help facilitate a transaction that a company founder will be comfortable with. Business brokers will charge anywhere from 10 to 15% of the final purchase price. Of course, a broker will also make sure that only serious buyers inquire about purchasing the organization.

Why trucking businesses sometimes don't sell

Thanks to the thriving merger-and-acquisition environment, trucking owners in North Carolina may receive inquiries from prospective buyers even if they're not actually considering selling. For times when the owner of a trucking business does want to sell, it's important not to scare off interested parties.

NDA an essential part of selling a business

Confidentiality is among the most important commodities when it comes to selling a North Carolina business. According to some analysts, businesses that are not known as for sale are worth more than those that are. Confidentiality is also important in another sense. Business owners and entrepreneurs who are selling businesses should never disclose confidential information without having a signed non-disclosure agreement in hand. Prospective buyers should not have access to client or financial information unless they've signed an NDA.

How to go about buying a business

Each year, roughly 500,000 companies in North Carolina and throughout the country obtain new owners. Buying an existing company may be better than starting a new one for a number of reasons. For example, the brand is already known and has a track record of success. While the cost of buying a company could be higher than starting one, it may take less time and effort to recoup that initial investment.

Buying a business may be better than starting one

Those who are thinking about being a business owner in North Carolina may choose to start a company from scratch. In some cases, it may be best to buy a company that already has a track record of success. Buying a company that is already profitable means the new owner will be able to see a return on investment in less time. Furthermore, important infrastructure is already in place such as key employees and a known product or service.

The advantages of selling a business to employees

There are several reasons a North Carolina business owner might want to transfer ownership of his or her business to the employees instead of selling to another buyer. Chief among these are tax breaks. By selling to employees, the business owner can defer capital gains tax as long as the proceeds are invested in stocks and bonds. This often results in a larger after-tax gain than selling to another buyer at a higher price.

Issues to consider when selling a business

It is important to time the sale of a North Carolina business properly. This can allow its owners to sell the company for the most money as well as to the right buyer. There are a series of questions that should be asked before beginning the process of exiting a company. The first question is whether the owner is ready to sell.

How to exit a business without selling it

Selling a business can be a great way to make a large sum of money quickly. However, it can be difficult to sell a company in North Carolina or any other state if it costs more than $500,000. This is because many believe that it would be easier to start their own company for that amount of money. Furthermore, it is rare that an entrepreneur has $500,000 or more in spare cash.

The challenges of buying a business

When individuals in North Carolina or any other state buy a business, it is important to have a plan to ensure that the transaction occurs smoothly. However, it is possible for a plan to go awry because of unforeseen circumstances. For instance, the previous owner who was supposed to act as a mentor could pass away unexpectedly. Unforeseen events may force a new owner to reevaluate his or her business plan and adjust it quickly.

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Buying & Selling Businesses Archives | Blog