Thinking of Buying a Business?? Needhelp and advice?
We are a CPA firm with 27 yearsof experience helping business
buyers answer the following questions:
1. Do I need help to analyze thehistorical financial condition of the business?
2. Do I need help to determine thecredibility of the seller's representations?
3. What is the expected cash flow ofthe business?
4. How can my CPA/advisor help menegotiate a favorable price and favorable terms?
5. Can the business support the debtI will assume?
6. Is there enough cash flow to payoff the loan to buy the business?
7. What information should I inspectwhen buying a business?
8. What multiple of cash flow shouldI pay? What is reasonable? Is it too much?
9. How do I know the business willearn sufficient profits to pay the purchase price?
10. What financial documents should beinspected to verify
the seller's sales and expenses?
11. What does the average businesssell for in the industry I am interested in?
12. How do I set up a cost effectiveaccounting system using Quickbooks?
13. How can I structure the purchasein order to maximize my tax write-offs?
14. What will lenders require from meto obtain financing?
15. How do I contribute capital inorder to avoid taxes
upon payback of my investment?
16. How can I maximize depreciationon the assets I am buying?
17. How much should I expect toborrow in order to buy the business?
18. What are the least expensivesources of capital?
19. What is more important; the priceor the terms?
20. How do I register the newlyacquired business with IRS and Illinois?
21. What are my responsibilities forpayroll taxes?
22. What form of entity is best usedto acquire and operate the business?
23. How can I best protect myself(and my assets) from creditors and other claims?
24. How should I own the real estatethat will be used by the business?
25. Should I buy stock or assets ofthe business? What are the advantages
and disadvantages?
Call Jim Cunningham at630-208-0071 (Ext 24) for help with one or all of the above
financial, tax andaccounting issues. Our team of 10 hard working professionals
specializes inworking with business owners and investors to maximize their cash
flow andminimize their tax liabilities through creative tax planning techniques.
Maybe you have questions aboutthe financial commitment you are about to enter
into…or you are just not 100%confident about the prospective purchase…many times
a second opinion (from an independent professional) can be a big help - to assist you
in making the rightdecision….we are here to help YOU, the buyer. We are NOT business
brokers,commissioned salespeople, financiers, lenders, mortgage brokers or sellers of
any product. Our time and efforts are focused on providing the business buyerwith
advice and counsel in the business purchase process.
