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Barry Evans Profile and Articles
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1). How to Plan Your Business Exit Strategy
You started your business with dreams of making millions. When the time comes to sell your business, you will want to keep as many of those after tax dollars as you possibly can in exchange for your blood, sweat and tears. Advance planning can make a big difference in the amount you pocket after the sale of your business.
Consider this. Under prevailing tax rates, Owner A sells a business for $1 million in cash and nets $800,000 in after tax proceeds.
2). How to Inform Employees When You Sell a Business
What is the best way to inform employees when you sell your business? Wait until the transaction is a done deal.
After many years of representing people who want to sell their businesses, experience has taught me that complete confidentiality about any thoughts of selling are in the best interests of every business owner. Consequently, the best time to make any announcements about selling will be on the afternoon of the day your transaction closes.
3). 8 Ways to Avoid Litigation When You Sell a Business
Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches.
As a small business owner, your company most likely represents a significant portion of your net worth. That’s why it’s crucial not to let litigation wash it away when the time comes to convert your years of hard work into cash.
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