Selling your business should be a win-win for you, but many owners face a rude awakening when taxes claim 30-50% of their proceeds. In 2025, while long-term capital gains rates range from 0-20%, the real cost is often higher. A $5 million sale could trigger a 20% federal government tax, plus 13.3% in states like […]
Is Now the Right Time to Sell or Buy? — How COVID-19 has Changed the Market
The global economy has taken a massive hit from the COVID-19 pandemic. Many businesses have been forced to shut down as the government places strict restrictions to curb the pandemic. Many small business owners are contemplating selling out to cut their losses, while the optimistic entrepreneur is wondering whether the situation is conducive for buying.So, […]
What is a Business Broker?
I get asked this question often, so I think it is worth putting together some industry information as a reference point for business owners whether they are thinking about selling a small business or buying a small business. According to the International Business Broker Association (IBBA), a business broker is “a professional intermediary dedicated to […]