Blog

July 17, 2019

Why Sell Your Business?

In the back of their heads, many entrepreneurs are thinking, “when should I sell my business?” Owners who ponders over selling their business does not always do so out of financial desperation or trouble but usually because they are looking for the next opportunity. Following are three reasons to consider when thinking about selling your business. Business value Anytime you have an opportunity to get liquidity in your company, you need to seriously consider it because running a business is risky and the longer you hold on to that business and the bigger you get, the more chance you risk of failure. There is value in a business but no liquidity until you go through a transaction of selling a piece […]
July 10, 2019

Investing In An Existing Business

Here are some of the tips to hold up at the highest point of the need rundown when investing in an existing business. It is suggested that you should use a good lawful advisor and have a clerk take a gander at all the budgetary records before you go into any understanding. Think very carefully before you proceed. When you discover a business you like, you must direct an intensive examination concerning its monetary issues. Be more specific about all the liabilities. What number of these could fall on the new proprietors? Watch out for TAX and Vat situation. Is the business vat prone? Is the vat exceptional? You can’t be too much mindful of admiration, making it difficult to […]
July 10, 2019

Buying A Business – What You Need To Know

The established infrastructure and ongoing cash flow is the main reason why most people buy small businesses rather than starting a new one. However, setting up a brand new small business is equally risky. Buying a reputable small business in Australia is complicated, thus; a buyer must administer proper assessment before finalising the buying decision of an established small business. Let’s take a look at few points that must be considered before buying a small business in Australia: Is it right to buy an existing small business in Australia or start a new one? Buying an existing business is always better than starting a new business right from scratch. Studies show that buying a well-settled business is better than starting […]
June 25, 2019

Transfer Your Business to a Family Member

There may come a point when a business owner will want to turn over their business to one of their family members. This could be due to a variety of reasons. Perhaps they are going to retire and wish to entrust their business with a family member who they know will run it well. Either that or the business owner may just want to sell their business to a family member or give it to them as a gift. Whatever the reason is, it is important to understand how to transfer your business to your son or daughter so you incur the least amount debt and tax liability possible. Furthermore, you must consider how much money you want to take […]