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Follow on Google News | 7 Steps to Higher Company Value!!Thinking About Selling Your Company Next Year? Prepare Now!!
1. Don’t Push Income Out to Next Year on Your P&L 2. Do Not Prepay Expenses 3. Have Year End Books Completed by January 15th 4. Do Not Buy Inventory until January 1st 5. Do Not Buy Equipment until January 1st 6. If Cash Accounting Make All Deposits Before Year End 7. If Accrual Accounting, Invoice All You Can While these steps in reverse are typically done to minimize taxes, use these same strategies to increase the net income and thus value of your company. Most Banks, Buyers and Brokers value companies on a weighted formula. The heaviest weighted year is the most recent yearend. By implementing these strategies you can increase your net income on paper, thus a multiple applied to increase the selling price. Always, always, consult your accountant and broker. Develop a plan and time frame. You might even be able to file taxes after the sale, mitigating your tax burden further. If you are thinking of selling your company I would love to be of service. I have been selling companies across the US and accomplishing my clients goals, for over 25 years. Call me personally to discuss your goals. My personal number is 704-999-9728. Frank R. Davidson MBA,MEA,CMI,SBA Principal & Senior Business Analyst Certified Medical Intermediary Davidson Business Investments www.GoDBI.com End
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