Artwork

Sisällön tarjoaa Mike Jesowshek, CPA, Mike Jesowshek, and CPA. Mike Jesowshek, CPA, Mike Jesowshek, and CPA tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Player FM - Podcast-sovellus
Siirry offline-tilaan Player FM avulla!

What Does the M&A Process Look Like?

19:50
 
Jaa
 

Manage episode 354117757 series 2971588
Sisällön tarjoaa Mike Jesowshek, CPA, Mike Jesowshek, and CPA. Mike Jesowshek, CPA, Mike Jesowshek, and CPA tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Are you ready to learn the In’s and Out’s of selling a small business? On this episode of the Small Business Tax Savings Podcast, we welcome back Stuart H. Sorkin from Business and Legal Advisors to discuss how to eventually exit from your business. This is part two of a two-part series where he discusses why owners exit their business and how to best prepare for it.

Stuart H. Sorkin discuss how to best prepare for an exit from a business. He tackles topics such as separating lifestyle businesses from other types of businesses, creating a management team, and handcuffing key employees to ensure the success of the M&A process.

This conversation provides insight into the due diligence process for selling or buying a business and the importance of finding a professional with experience in mergers and acquisitions. He discusses the important of an LOI when negotiating an acquisition and some key points for sellers to consider, such as warranties, taxes, liabilities, and post-acquisition services Tune in now to learn more about planning for your eventual exit from your business!

[00:01] Critical Considerations For A Successful Acquisition

  • Creating a business that has value and can go beyond the owner
  • The difference between a lifestyle business and other types of businesses
  • Delegating decisions to create a management team
  • Selling a business as an absentee owner

[05:15] Navigating The Complexities Of The Due Diligence Process In Business Deals

  • An Overview of the M&A process
  • A Letter of Intent (LOI) is a non-binding document outlining the transaction
  • Sellers should specify an amount related to the covenant not to compete
  • Golden handcuffing key employees in advance can prevent “deal failure”

[11:16] Maximize Your Return And Minimize Risk

  • It is important to seek professional counsel prior to signing an LOI
  • An LOI may include an exclusivity clause, where the seller cannot talk to anyone else while due diligence is taking place
  • Cashless transactions are becoming more common, where the seller gets equity instead of cash

[15:03] Understanding The M&A Process

  • Sellers should not hide anything during the process as it could come back to bite them
  • It is important to find a professional who understands M&A work to protect yourself and maximize return
  • Tax planning should be done before the deal closes in order to maximize tax strategies

[17:59] Closing Segment

  • Final words

Key Quotes

“The point is that you're going to negotiate… There's usually an exclusivity clause that says you can't sell while I'm doing due diligence. You can't even talk to anyone else during due diligence. So, if the deal falls apart, you got to be ready. You've also been off the market for a period of time.” – Stuart H. Sorkin

Resources Mentioned

Connect with Stuart:

--------

Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

IncSight Packages: https://incsight.net/pricing/

Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale

-------

Podcast Website: https://www.TaxSavingsPodcast.com

Facebook Group: https://www.facebook.com/groups/taxsavings/

--------

To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

  continue reading

297 jaksoa

Artwork
iconJaa
 
Manage episode 354117757 series 2971588
Sisällön tarjoaa Mike Jesowshek, CPA, Mike Jesowshek, and CPA. Mike Jesowshek, CPA, Mike Jesowshek, and CPA tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Are you ready to learn the In’s and Out’s of selling a small business? On this episode of the Small Business Tax Savings Podcast, we welcome back Stuart H. Sorkin from Business and Legal Advisors to discuss how to eventually exit from your business. This is part two of a two-part series where he discusses why owners exit their business and how to best prepare for it.

Stuart H. Sorkin discuss how to best prepare for an exit from a business. He tackles topics such as separating lifestyle businesses from other types of businesses, creating a management team, and handcuffing key employees to ensure the success of the M&A process.

This conversation provides insight into the due diligence process for selling or buying a business and the importance of finding a professional with experience in mergers and acquisitions. He discusses the important of an LOI when negotiating an acquisition and some key points for sellers to consider, such as warranties, taxes, liabilities, and post-acquisition services Tune in now to learn more about planning for your eventual exit from your business!

[00:01] Critical Considerations For A Successful Acquisition

  • Creating a business that has value and can go beyond the owner
  • The difference between a lifestyle business and other types of businesses
  • Delegating decisions to create a management team
  • Selling a business as an absentee owner

[05:15] Navigating The Complexities Of The Due Diligence Process In Business Deals

  • An Overview of the M&A process
  • A Letter of Intent (LOI) is a non-binding document outlining the transaction
  • Sellers should specify an amount related to the covenant not to compete
  • Golden handcuffing key employees in advance can prevent “deal failure”

[11:16] Maximize Your Return And Minimize Risk

  • It is important to seek professional counsel prior to signing an LOI
  • An LOI may include an exclusivity clause, where the seller cannot talk to anyone else while due diligence is taking place
  • Cashless transactions are becoming more common, where the seller gets equity instead of cash

[15:03] Understanding The M&A Process

  • Sellers should not hide anything during the process as it could come back to bite them
  • It is important to find a professional who understands M&A work to protect yourself and maximize return
  • Tax planning should be done before the deal closes in order to maximize tax strategies

[17:59] Closing Segment

  • Final words

Key Quotes

“The point is that you're going to negotiate… There's usually an exclusivity clause that says you can't sell while I'm doing due diligence. You can't even talk to anyone else during due diligence. So, if the deal falls apart, you got to be ready. You've also been off the market for a period of time.” – Stuart H. Sorkin

Resources Mentioned

Connect with Stuart:

--------

Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

IncSight Packages: https://incsight.net/pricing/

Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale

-------

Podcast Website: https://www.TaxSavingsPodcast.com

Facebook Group: https://www.facebook.com/groups/taxsavings/

--------

To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

  continue reading

297 jaksoa

所有剧集

×
 
Loading …

Tervetuloa Player FM:n!

Player FM skannaa verkkoa löytääkseen korkealaatuisia podcasteja, joista voit nauttia juuri nyt. Se on paras podcast-sovellus ja toimii Androidilla, iPhonela, ja verkossa. Rekisteröidy sykronoidaksesi tilaukset laitteiden välillä.

 

Pikakäyttöopas