Business owners often have much more complicated taxes than the average person, and many utilize the services of an accountant. Of course, an accountant can save you time and money while keeping your sanity in tact. But a trusted accountant can, and should, fulfill two additional roles for a business owner: be a trusted business…
Archive for the ‘News & Update’ Category
A Great Accountant: A Business Owner’s Best Friend
Monday, April 11th, 2016
The Art of Prioritizing Tasks and Delegating Them
Friday, April 8th, 2016As your business grows, there always seems to be something sucking up your time. You know the feeling. You’ve worked all day long, but feel like you accomplished absolutely nothing. These time suckers could be anything: answering the hundreds of emails you get everyday, filing the stack of paper on your desk, or sorting through…
Planning Your Exit Strategy: Key to Continued Success
Monday, April 4th, 2016Business Owners should take some time to assess their financial knowledge and skills. Financial Literacy is the knowledge and understanding of financial matters, which would allow an individual to make informed financial decisions. Business Owners make hundreds of decisions every week, ranging from the type of coffee to have in the break room to developing a marketing…
Become a Gateway Business Broker
Thursday, March 24th, 2016Are you thinking about becoming a business broker? Business brokerage is an exciting and rewarding profession. It provides the opportunity to help people sell their business that they have worked hard to build and is usually their biggest financial asset. It also allows you to help people achieve the dream of owning their own business. With…
Business Purchase Financing: Mezzanine
Wednesday, March 23rd, 2016Mezzanine financing is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. It could be described as a hybrid of debt and equity financing that is is typically used to finance the expansion of…
Business Purchase Financing: Bank Loans
Wednesday, March 23rd, 2016Bank Loans are an option that some Potential Buyer can use to finance the purchase of a business. Banks and other lending agencies provide unsecured loans commensurate with the cash available for servicing the debt. “Unsecured” is a misleading term, because banks and other lenders of this type will aim to secure their loans…
Business Purchase Financing: SBA Backed Loans
Wednesday, March 23rd, 2016SBA Backed Loans can be an option for financing a business purchase. Thanks to the U.S. Small Business Administration Loan Guarantee Program, favorable financing terms are available to business buyers. Similar to the terms of typical seller financing, SBA loans have long amortization periods (ten years), and up to 70 percent financing (more than usually…
Business Purchase Financing: Venture Capitalists
Wednesday, March 23rd, 2016If you are looking to finance your business purchase through investors, venture capitalists are an option. Venture capitalists have become more eager players in the financing of independent businesses. Previously known for going after the high-risk, high-profile brand-new business, they are becoming increasingly interested in established, existing entities. This is not to say that outside…
Business Purchase Financing: Seller Financing
Wednesday, March 23rd, 2016Seller financing is perhaps one of the simplest–and best–ways to finance the acquisition of a business. This means that the business buyer works hand-in-hand with the seller. The seller’s willingness to participate will be influenced by his or her own requirements: tax considerations as well as cash needs. In some instances, sellers are virtually forced to…
Seller FAQs: The Closing Process
Wednesday, March 16th, 2016After receiving a Letter of Intent or Offer to Purchase, the closing process can begin. Closing a business is a complicated process and involves several types of paperwork. Many Business experts recommend working with a professional closing organization and a professional closing officer. While you will only sell your business once, a closing organization handles…
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Gateway’s brokers are always willing to assist business owners and prospective business buyers with education, resources, and guidance through the process of buying and selling businesses. We are here to answer any questions to make the selling & buying process a smooth transition. Call or Email for a free consultation.