Financial statements are a logical starting point for valuing a business. The cost approach begins with the balance sheet. Is this approach right for your situation?
Many businesses start out needing outside investors or reach a point where external funding is necessary. If you can relate, here are some tips on creating a dazzling “pitch deck.”
Have you ever tried to sell a business? Fair market value is a cash equivalent amount that may need to be discounted to reflect the time, cost and effort required to complete a sale.
Could your business acquire a struggling competitor this year? Be sure to fully explore the benefits and risks of any prospective deal before getting too far down the road.
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
Can your business claim a product is “Made in USA” or will using the phrase on labels or in ads lead to legal challenges? Although there’s no hard-and-fast rule, the FTC provides guidelines for origin claims.
Most of us are very happy to have turned the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.