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Breaking Up is Hard To Do

If you are planning upon getting divorced, or in the process of getting divorced, you are facing some major financial challenges. I am a C.P.A. and not an attorney, but I do have considerable experience in the area of forensic accounting related to divorce.

Hypocrites and Government Programs

Most people do not like to think of themselves as hypocrites but most people are in one way or another, myself included.

Tax Resolution Services

Tax Resolution Services By BRAD PALMER These bastards present themselves as being able to “settle with the IRS for pennies on the dollar” as if the IRS is a commercial creditor with no power. What they are referring to is an offer in compromise whereby the IRS does settle tax debt for less than full … Continue reading Tax Resolution Services

Due Diligence

Gold Dealers

Gold Dealers By BRAD PALMER P. T. Barnum said that there is a sucker born every minute. When it comes to Americans and gold, there is probably a sucker born every second. This is because Americans are the most naïve and ignorant people in the world when it comes to gold. And this is taken … Continue reading Gold Dealers

Stock Brokers

Stock Brokers By BRAD PALMER Over the past 30 or 40 years, stockbrokers have progressed from customer’s men to account executives to wealth managers. But in reality, it’s the same nonsense; they are commission salespeople masquerading as “financial professionals”. To give you the true picture, many years ago, in a moment of temporary stupidity, I had a job interview with one … Continue reading Stock Brokers

Payday Loans

Payday Loans By BRAD PALMER Most states have usury laws that prohibit the lending of money and charging above a certain interest rate. But they have so many loopholes that a not too bright first-year law student who received a “D” in debtor-creditor rights can drive a truck through them. And so the bottom feeders … Continue reading Payday Loans

Unethical Businesses

In both my accounting practice and in my business brokerage business, I make it a habit to not provide accounting services or represent a business that in my personal opinion is inherently unethical and does not deserve to exist, even if it is legal.

Trumped Up

Now that The Donald has been president for 20 months, what has changed for the owners of small and mid-sized businesses and what is likely to change?

It’z All About That Money

It’z All About That Money”, is a title of a song by the rapper Daz Dillinger. And if truth be told, in the business world, it really is all about that money.

On Accountants (Again)

Here I go on accountants again. A few nights ago I watching TV around 4 AM. An ad came on where I woman was sitting at a desk in her office late at night. She was pondering a business problem and was perplexed as to what to do.

Politically Incorrect

Many parts of the world do not have the same standards of personal hygiene as the West. In the U.S., however, most Americans take a shower every day and use deodorant. I suggest that you do the same. Smelling like a third-world toilet will not help you get your business off the ground. Not getting this is often not understood, especially among people from South Asia.

Private Equity

PRIVATE EQUITY: Most New Jersey business owners have heard the term private equity but are not really aware of what it is or how it works. Private equity is capital that has been pooled, generally by wealthy individuals, that is invested in privately owned companies that are believed to have the potential for rapid expansion … Continue reading Private Equity


Unfortunately, sometimes thing do not go as planned. You are a business owner who finds himself or herself unable to pay the bills. Should you declare bankruptcy? It depends upon a number of variables.

The SBA and Financing Your Business

So you’ve found the business you want to purchase and have negotiated price and terms with the seller. Now the next issue is financing! I’ve written about the SBA before, but here I would like to provide more detail as regards what you can expect in applying for a loan. The list is not all … Continue reading The SBA and Financing Your Business

Buying a Gas Station?

Gas stations are one of the easiest businesses to sell among small businesses and one of the most frequently purchased.

Thinking of Buying a Childcare Center?

In operating a childcare center, the two biggest expenses are payroll and rent.

Thinking About the Bar Business?

There are nine different types of liquor licenses in New Jersey. The most common ones are for liquor stores, restaurants, and bars, and for bars that also sell packaged goods.

Bootstrapped: Building A Remote Company

If you ask me, working remotely rocks. I’m currently writing from a small beach bar located on a remote island in southern Thailand. Looking up from my laptop, I see nothing but the endless ocean and its crystal clear blue waters. I’ll be enjoying this morning undisturbed and focused on my work because the rest of the team hasn’t even gotten up yet. Time zones work out really well for distributed teams.

Thinking of the Restaurant Business?

If you are thinking of owning a restaurant that does not serve alcohol, you better have five-star food and be across the street from a liquor store.

Due Diligence

Thinking of the Limo Business?

Despite Uber and Lift, there is still money to be made in the limo business if you are a good operator.

So You Want to Be a Landlord?

The point is that owning rental real estate is a business that requires working capital, time, effort and management skills.

Raising Equity Capital

From the entrepreneur’s perspective, there are two main caveats that they should be aware of before entering into an agreement with an outside investor

The New Entrepreneur and Credibility

First, as a professional New Jersey business broker, I highly recommend that you get an office. I know, working from home does not have the stigma associated with it that it did years ago, but having an office will help to send the message that you are in business to stay. It does not have to be expensive or elaborately furnished, just neat and in a safe area.

Firing Employees After You Acquire a Business

Most smart people who have recently purchased a business do not terminate employees for at least six months unless there is a very good reason to do so, including fighting or theft.

Deductibility of Transaction Costs and Expenses

Many business people and their professional advisors get confused about what costs and expenditures associated with acquiring a business are deductible. They apply to the year of acquisition, but they also wonder which costs and expenses must be capitalized and amortized over time.

A NEW JERSEY BUSINESS INSIDER’S REPORT ON NETWORKING  One Size Doesn’t Fit All: A while ago I wrote a blog about how some businesses require significant networking and some require no networking.  If you started or purchased a business that requires extensive networking, what is the best way to go about it in a way … Continue reading

The Letter of Intent or LOI

The Letter of Intent or LOI is an important part of the New Jersey business for sale process.

Selling a NJ Business: You and Your Employees

Smart and savvy New Jersey business owners treat their essential employees like partners, not like “the help”. They recognize that when they sell the business, one of the key things that a prospective buyer is paying for is a trained and experienced staff.

The Memorandum of Sale

At Crown Business Brokers, LLC, we usually prepare a memorandum of sale for sellers of a New Jersey business.

The Initial Buyer Meeting

As a New Jersey business seller, your initial meeting with a prospective buyer is extremely important.

Advertising Your New Jersey Business

If you are going to sell your New Jersey business, you must advertise it.

Republicans and the SBA

The underlying premise of the conservative argument against the SBA is that it is not necessary.

Qualifying the Buyer

Here at Crown Business Brokers, we are often asked by prospective sellers how we qualify buyers.

Due Diligence

Buying a small business is a good, fast way to throw away a great deal of your own money, to say nothing of ruining your credit, if you do not know what you are doing.

Hiring an Accountant

Regardless of whether or not you decide to purchase or start a business, you are going to need an outside accountant.

More on Buying or Starting a Business

There was significant reader interest in the article entitled “To Buy or Start a Business”. Therefore, I would like to elaborate a bit more fully on one of the key concepts in the article; namely, the difficulty of building a customer base and how this relates to the personality of the promoter.

More on Family Business

On one of my previous blogs I discussed family business and the importance of not letting an owner’s spouse “run interference” in the management of the company.

The Business Plan

And yes banks want it, creditors, want it, even equity investors want it; it’s the business plan.

Franchises: Fraud and Theft

If you have some larceny in your heart and would like to stay out of prison, selling franchises is a pretty good way of doing it.

To Buy or Start a Business

In Shakespeare’s Hamlet, in the opening line of the Nunnery scene, when contemplating suicide, Hamlet asks “to be or not to be, that is the question”. Hopefully, you are not contemplating suicide, but you may be contemplating whether or not to buy or start a business. For many prospective entrepreneurs, that is the question – to buy or to start.

The Small Business Administration

Over the past several months, Crown Business Brokers sold a childcare center for $550,000 all cash and an auto repair business for $330,000 all cash.

What Form or Organization Should I Use in N.J. For My Business?

You’ve been looking to purchase a business for months and you finally found your dream candidate. You have reached a meeting of the minds with the seller, and done your due diligence.

More on Taxes – Bulk Sales

MORE ON TAXES – BULK SALES In my last article on taxes, I did not address the issue of bulk sales.  Very few non-lawyers or non-accountants are familiar with this tax law, but as a business buyer or seller, you should be aware of it. State bulk sales laws are designed to prevent the transfer … Continue reading More on Taxes – Bulk Sales


Taxes “In this world, nothing can be said to be certain except death and taxes”, said Ben Franklin in 1789. That said, upon the sale of your business, you are probably going to incur long term capital gains taxes. Long term capital gains taxes are generally lower than income tax rates, and the actual long … Continue reading Taxes

How to Find a Business to Buy

Besides looking for love, you can also look for a business in too many places, and in too many faces.

Retaining a Lawyer

If you are buying or selling a business, you are going to need an attorney to represent your interests.

Should I Hire a Business Broker?

There are significant reasons for not attempting to act as your own intermediary.

Preparing Your Business For Sale

Many owners of small and mid-sized businesses fail to consider an exit strategy in the event that they decide to retire.

Family Business

Many times, family businesses fail because of the interference of a shareholder’s spouse.

Financing Issues and the Sale of Your Business

Most prospective business buyers do not want to pay all cash, even if they have the wherewithal to do so

Valuing Your Business

If you are thinking of selling your business, the value that you place on it is extremely important.