There are more than 15 million family businesses in the United States. History tells us that less than one-third of family owned companies will make it to a second generation. One reason for the disheartening statistic may be that business owners tend to forget about succession planning. … [Read more...]
When to Create an Exit Strategy
May 3, 2013 By
There is the old saying that the time to develop an exit strategy is the day you open for business. Sounds good, but it’s not very realistic. Further, it also isn’t very optimistic. On the day you open for business, thoughts about how you get out of it aren’t pleasant, or helpful, thoughts. … [Read more...]
Advantages of Buying an Existing Business
April 26, 2013 By
1. Established. An existing business is a known entity. It has an established and historical track record. It has a customer or client base, established vendors, and suppliers. … [Read more...]
Avoid These Business Sale Myths
April 22, 2013 By
The typical business owner will only sell a business once. Understanding the complex process involved will help produce the best results. But don’t fall prey to the myths that can derail or seriously affect a potential sale. … [Read more...]
Tax Impact When Selling Your Business
April 15, 2013 By
The purpose of this article is to demonstrate the importance of the tax impact in the sale of your business. Of course it is critical that both buyers and seller consult their CPA or tax attorney before entering into any transaction. … [Read more...]
Why Do Deals Collapse?
March 27, 2013 By
In many cases, the buyer and seller reach a tentative agreement on the sale of the business, only to have it fall apart. There are reasons this happens, and, once understood, many of the worst deal-smashers can be avoided. … [Read more...]
Five Kinds of Buyers
March 25, 2013 By
Buyers are generally categorized as belonging to one of the following groups although, in reality, most buyers fit into more than one. … [Read more...]
Why Deals Don’t Close
March 14, 2013 By
Sellers Don’t have a valid reason for selling. Are testing the waters to check the market and the price. (They are similar to the buyer who is “just shopping.”) … [Read more...]
Anthony Citrolo Elected President of AANG
February 26, 2013 By
Anthony Citrolo Elected President & Director of The Long Island Chapter Of The Accountant/Attorney Networking Group Inc. (AANG) NEW YORK (January 2013) – It has been announced today that, Anthony Citrolo, CPA, CMAA, CBI has been elected as the 2013 President and Director of the Long Island Chapter of the Accountant/Attorneys Networking Group Inc. (AANG) The Accountant/Attorney Networking Group is comprised solely of practicing accountants and practicing attorneys who service multiple clients. The purpose of the group is to facilitate networking between and among attorneys and accountants – two professions that have enormous synergy and potential for cross referrals. AANG offers 12 monthly networking breakfast meetings exclusively for accountants and attorneys. AANG also hosts two major networking cocktail receptions open to all professionals. The organizations’ web site is www.aangny.org According to Mr. Citrolo a Managing Partner of M&A firm New York Business … [Read more...]
Tony Calvacca NYABB President announces BizBuySell/NYABB Integration
June 25, 2012 By
Read the article on libn.com (Long Island Business News) … [Read more...]