President Biden bowed out of the 2024 Presidential race. But the clock is still ticking on the Trump-era tax cuts. And President Biden’s proposed budget, including substantial tax increases, is still in play. Business owners who are considering a business exit in the near term may want to consider an exit before Trump-era tax cuts expire....
By Keith Payne Licensed Business Broker, Independent Insurance Specialist, and Manuel Santana, Certified Business Appraiser As an independent insurance agency owner contemplating an exit strategy, whether through a complete sale or partial transfer, careful planning is crucial to maximize your agency's value and ensure a smooth transition. Recent changes to the Small Business Administration (SBA)...
By Business Brokers Keith Payne - Insurance Industry Expert This comment was made to me recently, and I just about fell out of my chair. Over the years of helping independent agency owners plan their exit, many of them told me that they had the same question. However, after meeting with them, understanding their specific...
By Business Brokers, Keith Payne and Manuel Santana Fireworks, Freedom, and Future Plans: When July 4th Sparks Talk of Selling Your Insurance Agency As the 4th of July approaches, many business owners find themselves in a unique position. Amidst the fireworks, barbecues, and patriotic celebrations, conversations with family and friends often turn to more personal...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Inside Sources Most Americans have probably never heard of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and many small business owners are probably unaware of a new federal law called the Corporate Transparency Act (CTA), which requires them to disclose personal information to...
By Keith Payne Licensed Business Broker, Sunbelt Business Advisor In assessing the value of your photography-related business, it’s important to understand the 10 most important value drivers. Earnings are the first key value driver, reflecting your operations' financial health and economic outcomes. It's not just about total revenue; you need to consider whether your earnings...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Forbes When selling a business, it can be easy to get caught up in the numbers and financials of the process. The financials of any deal are important, no doubt, but the proper approach includes communicating to...
By Chris Jones-President of Sunbelt Business Advisors of Minnesota. Every tech entrepreneur faces the inevitability of an exit. To maximize your firm's market appeal and value, it's essential to arm yourself with strategies that enhance your leverage at the negotiating table. 4 Ways to Maximize Your Tech Firms Value In this fast-paced industry, preparing your...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Forbes When considering the sale of a business, it can be hard to know what to expect. The journey of business transition is full of unforeseen obstacles and challenges. No deal goes off without a hitch, and...
