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Recent Changes to the SBA 7(a) Loan Program for Business Acquisition Financing
May 23, 2018 / in Acquire a Business / by Louis Cionci
SBA 7(a) loans are a popular type of financing for small business acquisitions. These loans go up to $5,000,000 and can be used to buy a business, real estate or equipment. Several changes to the SBA 7(a) program became effective in 2018 that are worth noting. Some of those changes include: Lower down payment. Required down payment has been reduced from 25% of the purchase price to 10% of the project cost (project cost = …
Can I Sell My Business (C Corp Stock) Tax Free?
April 25, 2018 / in Exit Planning, Sell a Business / by Al Statz
In some cases yes! Congress has long recognized that small businesses investment is an important driver of the U.S. economy. Back in 1993, to encourage capital investment in small businesses, they created a rule that eliminates federal income tax on some (later revised to all) of the gain on the sale of certain C Corporation stock issued after August 10, 1993. This article introduces the Qualified Small Business Stock (“QSBS”) tax break for business owners who …
May 10th Seminar: How to maximize the value of your business upon exit.
April 17, 2018 / in Exit Planning, News, Sell a Business / by Adam Wiskind
Are you starting to think about retirement, but don’t know how best to transition out of your business? Consider attending a free breakfast seminar hosted by Exit Strategies Group and Exchange Bank on how to maximize the value of your business upon exit. This 1-1/2 hour seminar will answer the following questions: What are the value drivers that determine how much my company is worth? What can I do to prepare my company for sale? …
How Do I Sell My Personal Goodwill?
April 11, 2018 / in Exit Planning, Sell a Business / by Al Statz
The concept of goodwill in a business sale is familiar to most business owners. The more the better, right? Personal goodwill (versus enterprise goodwill) on the other hand is less familiar, and trickier to deal with. If your company is structured as a C-Corporation, you should know about personal goodwill and how its existence could put more money in your pocket when it’s time to sell. Here’s how this works. The C-Corp Dilemma Sellers of C-Corps …
What is my best exit option?
April 4, 2018 / in Exit Planning, Sell a Business / by Al Statz
The answer to this question is different for every business owner depending on goals, facts and circumstances. When deciding the right way to exit business ownership, owners should understand and weigh all of their options. This article summarizes eight common exit options and their pros and cons. Some are more common than others. All options should be put on the table when selecting your exit path. Eight Common Exit Options Option 1. Transfer to Family …
Protect your Trade Name and Protect your Business Value
March 28, 2018 / in Business Valuation, Exit Planning, Sell a Business / by Adam Wiskind
From my experience as an M&A Broker, I can tell you that your company’s trade name will be a valuable asset to most prospective buyers of your business. Your trade name, which identifies your company’s brand and distinguishes its reputation with customers and suppliers, is worth strengthening and protecting if you plan to sell your company some day. It may surprise you that the name of your business, even if it’s not officially registered, receives some …
2018 Sonoma County Backroad Challenge Cycling Event/Fundraiser
March 7, 2018 / in News / by Al Statz
Like you, ESGI’s advisors are invested in the communities in which they live and work. Exit Strategies is proud to once again sponsor the annual Sonoma County Backroad Challenge, a one-day cycling event full of spectacular scenery, fun and excitement where riders of all levels from across the United States converge to raise funds for worthy humanitarian projects, both local and international. The annual Sonoma County Backroad Challenge is a fundraising project of the The …
What are the current expectations for interest rates?
February 21, 2018 / in Business Valuation, News / by Louis Cionci
One of the important factors that effect business value is macroeconomic conditions which include interest rates and the cost of capital. Business owners who want to know what is going to happen to interest rates should be aware of new leadership at the Federal Reserve. On February 5, 2018, Jerome “Jay” H. Powell took the oath of office as the new Chairman of the Board of Governors of the Federal Reserve System, succeeding Janet Yellen. …
Don’t Let Key Employees Hijack Your Exit Strategy
February 14, 2018 / in Exit Planning, Sell a Business / by Jim Leonhard
In building a successful company, owners usually invest in hiring and developing managers and key contributors that become vital to the company’s effective operations. These people are considered “key employees”. When the time comes for the owner to exit his or her business, these key employees are usually valuable “assets” in the eyes of potential buyers. Unfortunately, if a business owner has failed to take certain steps, key employees can derail a successful sale or …
Is Your Company an Employee Stock Ownership Plan (ESOP) Candidate?
February 10, 2018 / in Exit Planning, Sell a Business / by Al Statz
Employee Stock Ownership Plans (ESOPs) have compelling competitive, financial and legacy benefits. For business owners weighing their exit options, a leveraged ESOP may be feasible if the owner, company and employees possess certain attributes: Owner Attributes Owns 30% or more of corporate stock Has a low basis in the stock Looking to reduce involvement in the company long term (5+ years) or shorter term if successor(s) are in place to take over Concerned with employee welfare …
Exit Strategies Group, Inc. is a leading provider of business sales and acquisitions, business valuations, and exit planning services for family owned and closely-held companies since 2002.
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