Troy Lambert

Often when people start a business, they are immediately thinking about an exit strategy and what it will be like to sell. Why would you want to do that? You are doing something you love to do and it will be a lot of fun, right? True, but there are several reasons to think about an exit strategy when you start a business.
Outside Investors and You Want a Return on Your Investment: You put money in your business to start with, and if you raised venture capital, those investors want their money...

It’s a new year, and maybe you are ready to sell your business and move on to the next adventure or this is your year to retire. Whether you are selling a medical practice, an HVAC business, or any other business, this is the time to get your business ready to sell.
Here are some steps to prepare your business for getting your business ready to sell in this year’s market.
Recap Last Year
As a new year gets underway, this is something you often do anyway, but to attract a buyer for your busine...

The 2017 Tax Cuts and Jobs Act was one of the most sweeping tax reforms in several years. There were a lot of advantages afforded to large corporations, and most saw their tax rates drop/ However, what do these changes mean to small businesses?
Congress did not want to leave them out, but straight tax cuts were not possible for small, non-C corporations like S-Corps and LLCs, so they had to get a little more creative. Still, there are some changes you should know before you buy or sell a busi...