After being a business owner for many years, most of our clients are initially relieved to retire. Time and time again, our clients who are near retirement share dreams of traveling, spending time with grandchildren and great grandchildren, fishing, reading, learning a new...Read more
Buying a business requires more than the willingness to operate a business and a good business plan; it requires financing! Many buyers attempt to secure financing on their own and the reality is that 84% of those loans are denied. One option is obtaining a loan through the...Read more
What increases the value of a business? It is obvious that the more profitable your business is, the more value it has. However, there are many other factors that are taken into consideration when determining the value of your business. We have compiled fifty factors that can...Read more
This is a blog based on a telephone interview with Hanwei Cheng , senior Counsel of Ed Lee Law Group PC in Los Angeles, California. Click here to listen to the full telephone interview. In this blog, we get the answer to the most common question: why do I need to hire an...Read more
As it usually happens, some event will likely occur during the time you own your business that will trigger the need for a valuation. A valuation is a process that, based on several factors, will generate the economic value of your interest in the business you own. Once you...Read more
Why would a buyer consider using retirement funds to buy a business? And why would a seller prefer a buyer to use retirement funds to buy a business as opposed to other forms of financing?
Retirement funds are easy to access – For the buyer,...Read more
“Letter of Intent” – A Cautionary Tale For Would be Business Buyers and Sellers
I write this article today as a word of caution for readers, clients of Morgan & Westfield, and other professionals who may have read the popular article titled " What Is A Definitive Purchase...Read more
Selling your business is a big decision and the process can be overwhelming to those who are unfamiliar with the market. Your first step, after deciding to sell your business, is to hire a business broker to assist you throughout the selling process. Do a simple google search...Read more
A definitive purchase agreement is the final agreement that is signed during the process of buying or selling a business. It outlines the terms and conditions for buying or selling a company, such as the payment structure, the representations, the termination clause, and other...Read more
As a business owner, one of the most important questions you need to answer is: What is my business worth? However, that question is not necessarily one you can answer by yourself. Therefore, when contemplating your exit options, you should consider receiving the advice of a...Read more
By Jacob Orosz | Founder and President, Morgan & Westfield
Unlike what most people know, selling a business is not always an all-or-nothing situation.
While deciding upon the sale of your company, selling only a portion...Read more
Fungibility is the ability of individual units of a good or a commodity to be substituted for one another. Essentially, it means the goods are interchangeable. For example, an ounce of silver is equivalent to any other ounce of silver. Fungible commodities includes water, food...Read more