Selling your business? First, know its value
Join the discussion below, or Read more at Newsday.
#1 Aug 26, 2008
Many business owners manage their business to minimize income taxes. If they wish to sell their business in the next few years, they should reconsider this strategy and plan on the business showing a respectable profit. After all, a potential buyer wishes to purchase a profitable business. Showing a larger profit may mean that the business owner will pay more income tax in the short run. However, they should realize a higher price when the business is sold.
Frank D. Thomas, CPA, CVA
#2 Sep 9, 2008
When estimating the value of a business, the owner's compensation often needs to be adjusted or "normalized." A small adjustment in that expense can make a large difference in the value of the business, once the appropriate multiple is applied to normalized earnings. For more details, see: www.CompensationOpinion.com
Add your comments below
|Franklin Gallimore III (Oct '11)||14 hr||Inquiry||4|
|Review: 240 Auto Body Inc (Jan '11)||Tue||JDL||18|
|Nicholas James Faunch/Fox||Tue||DP 1A||4|
|Anya Briggs Prostitution and Fraud (Jul '14)||Tue||G Tobin||8|
|Noise problem in one section of Queens Village (Oct '14)||Aug 29||John||2|
|Review: I Love Kickboxing - Carle Place (Nov '13)||Aug 28||Christie M||18|
|Assault victim barely escapes oncoming train (Jul '07)||Aug 27||Joe Biden||325|
Find what you want!
Search Roslyn Heights Forum Now
Copyright © 2015 Topix LLC