by Steven Beal | Aug 8, 2022 | Uncategorised
Typically, cash is not transferred during a business sale. In an asset sale, the owner keeps his/her corporate entity, and all bank accounts, plus cash. Even in a share sale (when the buyer takes over the legal entity), the cash balance is typically stripped down to a... by Steven Beal | Aug 1, 2022 | Uncategorised
The key element in selling your business for maximum value is ensuring you own a business and not just a job. The biggest deal breaker when you want to sell your business is how involved/important the owner is to the successful operation and profitability of that... by Steven Beal | Jul 25, 2022 | Uncategorised
Accounts receivable may or may not be part of a business sale. Where it is left in, it is typically matched up with the payables (i.e., the buyer takes over the receivables and pays the payables). Specific things to look for when you examine accounts receivable are:... by Steven Beal | Jul 18, 2022 | Blog, The Beal Blog
When we sold our house a number of years ago, it took seven weeks! That’s a long time to keep your house extremely neat and tidy, ready for a showing at any time. Well, I hate to break the news, but selling a business can take even longer. If you are thinking... by Steven Beal | Jul 11, 2022 | Uncategorised
Unlike cash, inventory is almost always sold with an active business. However, just because it is included in the sale doesn’t mean it is included in the price. A price for a business is typically stated "$x plus inventory" This is usually done...