When looking to acquire a business, oftentimes one of the first questions to be asked of the seller is, “Why are you selling?” The answer you receive is important as it will guide you in your due diligence.
Business owners have a variety of issues to consider when planning for the sale of their business. One priority is to minimize income taxes from the sale. Corey Edmunds with CPA firm Boeckermann Grafstrom & Mayer shares important tax information to consider before selling.
Advisors say that labor shortages have had the biggest impact on deal-making in Q2 2022. In the Main Street market, 92% say its had a negative effect (54% “very negative”). Likewise, 92% say labor shortages are having a negative effect in the lower middle market (47% “very negative”).