Service Businesses in Florida A service business creates value by providing intangible skills, whereas a retail business creates value by selling tangible products. The difference is key because a service business has no need to carry inventory and does not necessarily need a retail location (with much higher occupancy costs). Some service businesses (such as … Read more
State and Local Business Licenses: A Key Part of Business Sales Before buying or selling a business, one must think carefully about what licenses are necessary to own and operate the business, as well as what licenses may transfer with the sale of the business. A seller should disclose what government licenses are needed to … Read more
Sellers of Businesses Should Deal With Serious Buyers Business sellers should not have to deal with buyers who are not serious about buying their business. A key benefit of being represented by a business broker is not having to waste time, energy, and expense on meeting and dealing with buyers who are unqualified or not … Read more
E2 VIsa Buyers Target South Florida Businesses When it comes time to sell your business in South Florida, a large amount of potential buyers are overseas individuals wanting to legally enter and live in the United States by obtaining an E2 Visa. Such E2 Visa buyers seek to purchase businesses in many different industries with … Read more
What Assets to Include in Business Sale? All business owners should be aware of what to expect when it comes time to sell their business. A key aspect of what to expect includes understanding what is or is not included in the sale. This way the seller will be armed with the correct knowledge and … Read more
Private Equity Transactions A private equity buyer refers to a group of institutional or accredited investors that have pooled their capital together for the purposes of investing or buying private or public companies. Private equity groups purchase all kinds of businesses, but typically look for well established businesses with substantial profits. For businesses priced over … Read more
Defining an ‘Offer’ An offer is the critical step that a buyer makes toward actually purchasing a business. Legally, an offer is a specific proposal necessary to create a contract with another. An offer and an acceptance to the offer creates a contract. In purchasing a business, buyers should thoroughly prepare themselves before making an … Read more
The Non-Compete Agreement Is Critical to Business Sales A non-compete agreement in the context of business sales governs the extent (in length and geographic breadth) to which the seller of the business may ‘compete’ with the buyer’s business after the closing. In general terms, Florida courts enforce non-competes so long as they are ‘reasonable’ and … Read more
SBA Facilitates Business Sales Business sales financed by the Small Business Administration (SBA) allow buyers the opportunity to purchase the business of their dreams. Banks are encouraged to make small business loans by the government through the SBA program as a way of facilitating economic growth. Sellers of businesses may take advantage of SBA-backed lending … Read more
Structural Formats of Business Sales Before buying or selling a business, one needs to know how exactly that will be accomplished. The format in which a business is structured has significant legal and tax implications. Both the buyer and seller should be aware of the advantages and disadvantages of the different structural formats of the … Read more