C Corp Exit Strategy, prepare in advance or be prepared for a BIG tax bill!

If your company is a C corporation you could be in for a BIG surprise when you sell your business! S corporations and LLCs are pass through entities, which means that the corporation or legal entity’s income is passed through directly to stockholders or members. Consequently these entities do not pay income taxes, the owners receive the income and they pay the taxes. C corporations are different.C corporations retain the earnings (income), pay taxes on the income and then distribute  Read More>>

Now is a great time to buy a Business, a contrarian view

Many may say that 2009 is a good time to sit on the sidelines and wait it out. They would argue that many businesses are not doing well right now, the banks aren’t lending, the economy is at its worst in decades, it is best to wait until things improve. I take a contrarian view to this. I think now is a great time to buy a business. In 2007 business earnings were at their peak, most businesses had excellent growth, interest rates were low, and as a result business values were at their p Read More>>

Every business owner should have an exit strategy or succession plan in place, even ifyou do not plan to sell in the near future. By developing an exit strategy for your business youincrease the future value of the enterprise and build a better business along the way. Your exit strategy does not need to be an elaborate and exhautive "book", it can be a simple functional plan that addresses the specific things you need to do to grow your business, make it less dependent on you,develop your staff  Read More>>

Exit Strategies Pay Big Dividends

Every business owner should have an exit strategy or succession plan in place, even if you do not plan to sellin the near future. By developing an exit strategy for your business youincrease the future value of the enterprise and build a better business along the way. Your exit strategy does not need to be an elaborate and exhaustive "book", it can be a simple functional plan that addresses the specific things you need to do to grow your business, make it less dependent on you,develop your staff Read More>>