President Biden bowed out of the 2024 Presidential race. But the clock is still ticking on the Trump-era tax cuts. And President Biden’s proposed budget, including substantial tax increases, is still in play. Business owners who are considering a business exit in the near term may want to consider an exit before Trump-era tax cuts expire....
By Keith Payne Licensed Business Broker, Independent Insurance Specialist, and Manuel Santana, Certified Business Appraiser As an independent insurance agency owner contemplating an exit strategy, whether through a complete sale or partial transfer, careful planning is crucial to maximize your agency's value and ensure a smooth transition. Recent changes to the Small Business Administration (SBA)...
By Business Brokers Keith Payne - Insurance Industry Expert This comment was made to me recently, and I just about fell out of my chair. Over the years of helping independent agency owners plan their exit, many of them told me that they had the same question. However, after meeting with them, understanding their specific...
By Business Brokers, Keith Payne and Manuel Santana Fireworks, Freedom, and Future Plans: When July 4th Sparks Talk of Selling Your Insurance Agency As the 4th of July approaches, many business owners find themselves in a unique position. Amidst the fireworks, barbecues, and patriotic celebrations, conversations with family and friends often turn to more personal...
MINNEAPOLIS - May 30, 2024 - Sunbelt Business Advisors President Chris Jones announced that three brokers received four awards bestowed by the International Business Brokers Association (IBBA). The awards were announced on May 21 at the IBBA Annual Conference in Louisville, Kentucky. IBBA Award Recipients: Robert Harris, Chairman’s Circle Award - Given to individuals who...
How can I get the process started? If it is your first time inquiring about a business with us, we’ll ask you to complete a New Buyer Account form. The New Buyer Account form tells us the type of businesses you are interested in, those you aren’t, and the capital you have to invest. You...
By Brian Slipka-CEO of Sunbelt Business Advisors of Minnesota Click here to read the original article published by Inside Sources Most Americans have probably never heard of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and many small business owners are probably unaware of a new federal law called the Corporate Transparency Act (CTA), which requires them to disclose personal information to...
By Keith Payne Licensed Business Broker, Sunbelt Business Advisor In assessing the value of your photography-related business, it’s important to understand the 10 most important value drivers. Earnings are the first key value driver, reflecting your operations' financial health and economic outcomes. It's not just about total revenue; you need to consider whether your earnings...
In assessing the value of your photography-related business, it’s important to understand the 10 most important value drivers. Earnings are the first key value driver, reflecting your operations' financial health and economic outcomes. It's not just about total revenue; you need to consider whether your earnings are increasing, stable, or declining year over year. An...
