Do you want to sell your business? If you want to exit your business, the most important thing to show the buyers that you’re pulling enough capital out as an owner and show profits; not only to get them interested but also to be able to get the bank’s interest.
WATCH: Anthony Caliendo discusses the importance of tax returns when selling your business
I’m Anthony Caliendo, known here in South Florida as The Main Man with FNBC – Florida First National Business Corporation. We buy and sell companies.
Today I want to talk to you sellers. Right now, if you thought about selling your business and you’re thinking about an exit strategy, one of the most important things that you should focus on is your tax returns.
Most business owners that I know don’t even really understand all their tax returns. There’s a couple of things I wanted to talk about right now. On your tax return, on the front page, you’re going to see line 7: officer compensation, and at the bottom is the profits of what you’re paying taxes on.
If you want to exit your business, the most important thing is to show the buyers that you’re pulling enough capital out as an owner and show profits; not only to get them interested but also to be able to get the bank’s interest so you get financing.
I would love to help you and this would be a free service:
- I’ll review your tax returns and even if you’re not looking to list your business today, I will tell you exactly what you need to do to fix your returns so when it’s time to sell you get the maximum amount of money in your valuation and sell your business at a much higher price
Give Me a Buzz
Go to TheMainMan.com or call 1-800-the-main-man and let me tell you how to sell your business.
- Selling Your Business with SBA Loan Programs
- Free Checklist: 20 Questions to Ask Before You Buy a Business
- How to Determine the Value of Your Small Business
- Is Your Business Fit To Sell? Free Checklist
Ready to Sell Your Business? http://www.fnbcflorida.com/sell-my-business/
About Anthony Caliendo
Anthony has discussed his sales strategies on radio and TV on CBS, NBC, ABC and FOX. He has been quoted in industry mags including Salesforce, Small Biz Daily, The Canadian Business Journal, Focus Magazine, TK Business Magazine, AMA Playbook, In Business Magazine, with a spellbinding book review in Digital Journal.
Anthony lives and works in South Florida with his wife, Lynette and their eight children.