#534 The Tax & Legal Playbook To Buying Businesses Part 1

from Main Street Business · host Mark J Kohler and Mat Sorensen

In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen share expert insights into the process of buying a business. They discuss how to evaluate a company’s financial health, the importance of due diligence, and why seller financing can be a game changer. Whether you're a first-time buyer or looking to expand, use these actionable steps to ensure a smooth and successful transaction.Here are some of the highlights:Mark and Mat emphasize finding distressed sellers rather than distressed businesses.Importance of reviewing normalized financials and understanding add-backs.Considering seller's future involvement and non-compete agreements.Strategies for making offers, including contingencies and ranges.Considering seller's future involvement and non-compete agreements.Caution against rushing into agreements and encouragement to walk away from bad deals. Significance of building a team of advisors for the buying process.Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram!

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This episode is 46 minutes long.

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This episode was published on October 8, 2024.

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