August 27, 2024
This blog post discusses the implications of the U.S. Supreme Court's Connelly v. United States decision on business owners, particularly how it affects estate taxes and the need to revise Buy-Sell Agreements to protect against unexpected tax liabilities.
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July 23, 2024
When hiring a broker to sell your business, ensure the broker contract is thoroughly reviewed and negotiated to avoid unexpected high commissions and ensure clarity on services, exclusivity, fees, introducing your own buyer, the "tail" on commissions, and termination terms.
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July 11, 2024
To successfully sell your business, carefully select a professional broker with relevant experience, effective marketing strategies, and good communication, as this will save you financial and emotional stress; this blog offers essential tips on finding the right broker.
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June 19, 2024
The Department of Labor's final rule, effective July 1, 2024, will significantly raise salary thresholds for exempt employees, impacting over 3 million workers, with legal challenges pending that could delay its implementation.
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April 24, 2024
The blog post discusses the significant role of cost reduction consulting in preparing businesses for sale by optimizing expenses to enhance profit margins and sales value, highlighting the author's experiences and the benefits of such services.
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April 10, 2024
This blog post provides guidance on contract negotiation, outlining essential elements to insist upon, such as intellectual property rights and indemnity, while suggesting areas where compromise, like choice of law/venue, may be feasible, emphasizing the importance of strategy, psychology, and common sense in contract negotiations.
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March 12, 2024
This blog post, the second in a series about right-sizing price expectations when selling a business, discusses the reality of EBITDA multiples in sales pricing, featuring insights from three experts, and advises business owners on preparing for sale and setting realistic expectations.
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February 20, 2024
This blog post discusses the complexities of business valuation for sale, highlighting expert insights on the discrepancy between perceived and real market value and the emotional and practical factors influencing this gap.
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January 30, 2024
Exploring the U.S. Department of Labor's New Rule on Worker Classification: Implications for Businesses in Navigating Employee vs. Independent Contractor Designations
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January 23, 2024
Discover essential tips and personal insights for successfully starting a business in 2024, from avoiding common pitfalls to ensuring legal compliance and technological preparedness.
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