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Member
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MA
Business
Brokers proudly serving the greater Boston area, South Shore, North
Shore, Cape Cod, Eastern and Central Massachusetts
We charge no up-front fees and
we pay for ALL expenses!
Call or email us for a free consultation to learn about what is takes to
sell a
business.
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Our list of businesses for sale
is changing all the time. Visit our Boston business broker website often to get the latest
info! More...
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Most business sellers are unsure of the
business sale process. Here's a quick overview. If you are
interested in selling a business, reading this information will be helpful.
12
Steps to Selling a Business
1. Give us a call or send us an email. For some, this can be the toughest step of
all. We know that making the decision to sell your business is not
easy. As a business owner you have surely become very attached to your
business, financially and emotionally. Most business owners sell their businesses because they
need to do so, perhaps because of health concerns, career
change, retirement, relocation or other personal reasons. We
understand that taking this first
step can be very difficult. We always try to be very respectful of
the very important decision you are making to sell your
business. More...
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Tax on sale of business to increase 50% in 2013. Sell in 2012!
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If you’re a business owner at or near retirement, it is in your best interests to accelerate the sale of your business to the 2012 calendar year.
The Bush-era tax cuts enacted in 2001 and 2003 which reduced the capital gains tax rate from 20% to 15% were set to expire at December 31, 2010. However, in the midst of tough economic times and extreme pressure from Congress, President Obama extended the capital gains tax cut until December 31, 2012.
Capital gains are set to increase back to 20% in the next 12 months! In addition, a new tax of 3.8%
More...
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Read this informative article from the IBBA website: Why
you should hire a Certified Business Intermediary.
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What is a CBI?
CBI stands for "Certified Business Intermediary", which is the designation awarded by the International Business Brokers Association
(IBBA) to members who have the required
knowledge, experience, classroom hours, passed the rigorous IBBA exam and conform to the
ethical standards of IBBA. The IBBA is the largest business brokerage association in the United States.
More...
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When the time comes to sell, many business owners grapple with the
question of whether to hire a business broker. After all, wouldn’t
it be great not to have to pay anyone a sales commission? So what
does a business broker do for you? Why should you hire a broker to
sell a business?
Here is a list of reasons that explain how you will benefit from the
assistance of a qualified business broker to sell a company:
1. Confidentiality: An experienced and qualified business
broker will help you maintain the confidentiality of your business
sale by asking the buyers the right questions and setting up
appropriate steps of delivering information. We require that all
buyers sign non-disclosure/confidentiality agreements before a
business name and location is revealed. Also, depending on your
personal requirements, we can add additional confidentiality
procedures to truly guard your selling plans while still promoting
the business to the largest possible buyer audience.
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Dear Business Owner,
One of the reasons you may be reading through our website is that you are
considering selling your business. There are many reasons why you might want to
sell your business. You might be considering retiring and moving on to something
new. Perhaps you have chosen to sell your business because of health problems or
some other pressing personal reason. In any event, I know that you expect to
reap the rewards of the business you have spent years developing. More...
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As a Boston business
broker company, Goodman and Company serves communities throughout the greater Boston area, Eastern and Central Massachusetts
and New Hampshire. We are Boston business brokers and we will travel to your business for a confidential
consultation at no charge to you. Are you looking for a highly qualified
Massachusetts business broker that services businesses in or near any of the following
towns?
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Boston, Worcester, Cambridge, Brockton, Framingham, Lexington, Marlborough,
Milton, Sudbury, Reading, Walpole, Braintree, Stoneham, Winchester,
Saugus, Quincy, Beverly, Norwood, Westford, Taunton, Wilmington,
Everett, Franklin, Natick, Fall River, Melrose, Sharon, Chelsea, Wayland,
Salem, Billerica, Tewksbury, Canton, Needham, Northborough, Newton,
Middleborough, Rockland, Medford, Mansfield, Andover, Watertown, Chelmsford,
Stoughton, Weymouth, Duxbury, Foxborough, Westborough, Acton, Webster,
Amesbury, Fairhaven, Ashland, Hopkinton, North Reading,
Newburyport, Falmouth, Hudson, Somerville, Haverhill, Shrewsbury, Randolph,
Waltham, Hingham, Peabody, Woburn, Revere, Barnstable, Brookline, Malden,
Plymouth, Easton, New Bedford, Methuen, Attleboro, Leominster, Arlington,
Bourne and many others.
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A successful business sale requires dedication, competency and teamwork. Together we can
achieve remarkable results."
Peter Goodman, CBI
President
Newsletter - Sign up here for
our monthly newsletter.
Buyer Registration - Let us know
about you and what type of business you are interested in. We'll
contact you if something comes up that's a match!
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Wondering what your business is worth? Do you have a business to
sell?Fill out
this form to receive your FREE,
no-obligation Broker's Opinion of Value for your business. We
are Boston Business Brokers and we
specialize in providing business valuations that will help you sell your
business.
*Note: if you don't have time to fill in the data, email us or give us a
call and we can coordinate getting your business information from you.
All information submitted will be held in strict confidence
More...
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Some Recent Business
Sales
Pet Services - Central Mass
Food Distribution - Metrowest MA
Basement Waterproofing - Eastern MA
UPS Store Franchise - Eastern Mass
Liquor Store - MetroWest MA
Pub/Restaurant - MetroWest MA
Home Services Business - Boston
Subway Restaurant Franchise - Boston
Pizza Restaurant - Rhode Island
Bar/Restaurant - MetroWest
Liquor Store w/RE,
Eastern MA
Laundry Business - Boston
Manufacturer - Central Mass
More businesses types sold...
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Use a
Retirement Account to Fund your Business
Purchase
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Fact: Most people believe that the only way you can use your retirement account (usually 401K or IRA) to purchase a business is to either pay a huge tax and penalty or take out a loan using the retirement account as collateral.
But, there is a better way!
Consider this: Lets pretend that your 401K money is currently invested in a stock,
for example, IBM Corporation. Now consider that instead of investing the money in IBM you change the investment to
YOUR-OWN-COMPANY,Inc. The money stays in your 401K account, but you simply change the way you invest it. What a great idea! But how can you do this? It is extremely unlikely that your accountant is qualified to do this for you. (In fact,
many accountants have never heard of this type of financing.) There are very specific IRS regulations that, if followed correctly, allow you to make this change in your retirement account investments.
Advantages
Not a loan: You are NOT taking out a loan so there is nothing that you have to repay. This will make owning your new business much less stressful. As
your business makes money, the profits that you keep in the company
will continue to grow in your retirement account!
No taxes and penalties to get at the money: The money is technically staying in your retirement account so there are no taxes or penalties that you pay to remove it from your account.
The government helps you with the investment in the business, but you
get all the benefits: Let's say, for example, that you have $100K in your retirement account. Then you use the money to invest in a new business venture.
When you invest the $100K, how much of the money is really yours? $100K? Think about it. The $100K actually isn't all yours. Part of it will belong to the government one day because you have to eventually pay taxes on
the money. So, really, you are only
investing (depending on your tax bracket) about $60K - $70K of your
own money. The government is making up the rest of the investment.
Then, as the business makes money you can draw a salary and run
expenses through the company. You get the best of both worlds.
Get more info: If you have money in a retirement account and you want to explore this financing option, please
click on the link here:
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