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Do I pay tax on selling my business?

Do I pay tax on selling my business?

The short answer on this is it depends! Okay, so not so short. If you sell your business and you have lost money and have not full depreciated the acquisition or startup costs, you may actually have a loss and you end up with a tax deduction. If you sell for a profit, you generally […]

How much does it cost to sell a business?

How much does it cost to sell a business?

Selling a business can cost you anywhere from nothing to as much as 12% of the selling price or more. We have heard stories from individuals who have been approached to purchase a business and the buyer covers all costs of the transaction including attorney fees, to those who sell with a business broker and […]

Can I sell my business without a broker?

Can I sell my business without a broker?

Yes, you can sell a business without a broker, but you might not want to. While business brokers specialize in selling businesses and a good one generally brings a higher success rate and potentially higher end price to the transaction, a business owner that is professional, can hold emotions in check, and is realistic in […]

How do I find a buyer for my business?

How do I find a buyer for my business?

When you are ready to sell your business, finding a buyer can be very easy or may take some serious time. While buying a house is a common desire, owning a business is not for everyone and finding a buyer sometimes takes patience. Business brokers specialize in finding business buyers and typically have a database […]

Where can I sell my business?

Where can I sell my business?

Business For Sale Exchange is one amongst a number of business for sale websites that you can list your business for sale. Smart owners that are trying to maximize the sales price will post their business for sale on the top 10 sites to be sure all active buyers will have access to the listing. […]

What is the fastest way to sell a business at the highest price?

What is the fastest way to sell a business at the highest price?

While fast sales happen in business, that is the exception and not the rule. The average business transaction takes 6-12 months of aggressive marketing, patience, flexibility and cooperation to get completed. Every business is very different, but unlike a home, people don’t need to buy a business.  If you are looking to sell your business […]