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All About Sellng Your New Jersey Business

If you are looking to sell your NJ business here are a few practical tips to maximize the opportunity to sell and also the sale price.

We’ve Been Trumped

Now that THE DONALD has been president for nearly three years, what has changed for the owners of small and mid-sized businesses and what is likely to change?

Selling Your New Jersey Business?

If you are looking to sell your business here are a few practical tips from Crown Business Brokers to maximize the opportunity to sell.

Taxing Issues

Long term capital gains taxes are typically lower than income tax rates, and the actual long term capital gains rate is based upon the rate that applies to your income.

New Jersey Business Broker Near Me

New business ventures can be exciting. With increasingly impressive technological advances, start-ups are on the rise.

Looking for (Business) Love in New Jersey

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

Should You Hire a New Jersey Lawyer?

One of Shakespeare’s characters in Henry VI, states “First thing we do, let’s kill all the lawyers”.

Our Warning About NJ Accountants

Here we go about accountants again.  A few nights ago NJ CPA and Business Broker Brad Palmer was watching TV around 4 AM. An ad came on where a woman was sitting at a desk in her office late at night.

All About That Money

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

Sell NJ Business

Should You Hire a New Jersey Business Broker?

Abraham Lincoln once said that a man who represents himself in court has a fool for a client. While we would not go so far as to say that, it also applies to someone who attempts to sell his own business without a NJ business broker.

Selling Nj Business

Preparing to Sell Your New Jersey Business

Many small and mid-sized New Jersey business owners do not consider an exit strategy in the event that they retire.

Being a Lone Ranger

Suppose you have a problem with the IRS or a State tax agency, and you have decided to handle the matter yourself.

NJ Cheap College

College on the Cheap?

Perhaps you have a New Jersey teenager who is approaching college age and you are concerned about the cost of higher education.

Business Liabilities Assets

Neither a Lender or Borrower Be I

Neither a Lender or Borrower Be I Lending and Borrowing Might Not Always Be the Best Options This is a line from Hamlet, said by Polonius, in Scene III, Act I. Nevertheless, despite the wisdom of the advice, most people at some point are borrowers, and sometimes they do not pay their bills. Commercial creditors … Continue reading Neither a Lender or Borrower Be I

Keeping It All in the Family

Do you remember the movie classic “The Godfather”? There is a famous scene where Michael Corleone says to his wife: “Don’t ask me about my business”!

Financing Your New Jersey Business

When a New Jersey business owner is thinking about selling a business, it is common that insufficient thought is given to how the buyer will pay for the transaction.

NJ Business Valuation

If you are considering the sale of your New Jersey business, the value you establish is extremely important

SBA and Financing Your NJ 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!

Memorandum of Sale

At Crown Business Brokers, LLC, we usually prepare a memorandum of sale. This is a document that is provided to a prospective buyer after we receive a non-disclosure agreement, but prior to the initial meeting.

Initial Buyer Meeting

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

Advertising Your Business

If you are going to sell your NJ business, you are going to have to advertise it.

The Listing Agreement. Get It in Writing!

So you’ve made the right decision and have decided to sell your business with the aid of a broker. Now it’s time to sign the listing agreement.

The IRS and Audits

This is off-topic in that it does not relate to buying or selling a business but it is every small business owner’s worst nightmare. GETTING AUDITED BY THE IRS.

Qualifying the Buyer

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

The Due Diligence Process

In a previous blog, and on the website, I briefly discuss due diligence, but more needs to be said.

Buying or Selling the NJ Business

If you are buying or starting a business in N.J., there are some things that you should be aware of that may not be applicable in other states or other regions of the country.

An Accountant You Can Count On

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

How Should I Finance My Business?

The U.S. tax code and Federal bankruptcy law, however, does like debt since all of the interest on a business loan are fully deductible, and most debts can be discharged in bankruptcy court.

More on Buying Or Starting a Business

There was significant reader interest in the article entitled “To Buy or To Start a Business”. 

Franchises – A Dirty Business

Someone once said to me that everyone has a little larceny in them. And many franchisors have more than a little.

Due Diligence

The Business Plan

Birds do it, bees do it, even educated fleas do it. This is the first line from a 1928 Cole Porter song. And yes banks want it, creditors, want it, even equity investors want it. It’s a business plan.

To Buy Or To Start a Business That Is the Question

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.

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. This is often a major cause of failure of closely held entities.

Dealing With the GuvMint as Ronny Reagan Pronounced It – The SBA 

Most business buyers, even those who are in a position to do so, do not want to pay cash for a business acquisition.

What Form or Organization Should I Use in NJ for My Business

You’ve been looking to purchase a business for months and you’ve finally found your dream candidate.

Bulk Sales and the Sale of Your Business

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.

A Taxing Subject

“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.

Due Diligence

Looking for Love in All the Right Places

Remember the Waylon Jennings song where the lyrics are “I was looking for love in all the wrong places, looking for love in too many faces”? Besides looking for love, you can also look for a business in too many places, and in too many faces.

How to Hire a Lawyer

As a buyer, you need your attorney to review the contract of purchase and sale that is usually prepared by the seller’s attorney. Generally speaking, there will be a number of issues that will have to be negotiated between your attorney and the seller’s attorney.

Hiring a Broker or Going It Alone

Lincoln said that a man who represents himself in court has a fool for a client.

Importance of Preparation Before Selling Your Business

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

All in the Family

In The Godfather, Michael Corleone says to his wife: “Don’t ask me about my business”! You may want to recall this admonition in deciding what information about a family owned business to share with a spouse.

Importance of Financing in Selling Your Business

When a business owner is considering selling his or her business, too often s/he gives too little thought to how the buyer is going to pay for the purchase; this is often thought of as the buyer’s problem.

Due Diligence

How to Put a Number On Your Business

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