Preparation And Planning Are Key
Preparation and planning are the key to a successful purchase or sale of a business. Whether you are buying or selling, our team can assist you with all aspects of these transactions, from valuation and cash-flow analysis to tax minimization and transition planning.
Purchasing a Business
While buying an existing business can be cost effective and help reduce the risk associated with the start-up stage of the business journey, there are still many things that should be considered before making the purchase.
When buying a business, you want to be sure it is the right business for you and your needs. You are making a big commitment and want to be sure that you have optimized your chances of success.
The best way to ensure that you are making the right choice is to prepare, plan and research the opportunity, the best that you can.
The problem is, this is sometimes easier said than done, especially when you consider the various expertise required to properly assess a business.
At Koroll & Company, we can help. Our team will provide you with the skills and expertise you need to make the best investment possible.
From determining the true value of the company you are buying to deciphering financial statements and analyzing the viability of the business, we will help you get the information you need to mitigate the risks associated with buying a business.
Selling a Business
There are many reasons why companies choose to sell their businesses: retirement, new opportunities, industry changes, personal issues, and poor profits.
Whatever your reason for selling, there are several important steps that need to be taken before, during and after the sale to ensure that you optimize profits and minimize tax. This includes, but is not limited to:
- Valuing your business
- Ensuring your financial records properly represent your company affairs
- Determining the method of sale – i.e. shares vs. assets
- Qualifying your buyer
- Handling Profits
At Koroll & Company, we can help prepare your company for sale and help ensure that the transition from you to the buyer is as smooth as possible.