To tax affect or not to tax affect? A key question when valuing a pass-through business

Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how to value pass-through businesses because of their unique tax characteristics. Taxation of pass-through entities For pass-through entities, all items of income, loss, deduction, and credit […]

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Six Steps to Prepare Your Business for a Sale

The COVID-19 pandemic has put unprecedented stress on private business owners, and some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare it for sale. Here are six steps to consider. 1. Clean up the financials  Buyers are most interested in an acquisition target’s core competencies, and […]

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