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4 Tips to Help You Get the Most Out of Selling Your Business

If you’re considering selling your business, you’re likely looking forward to cashing out and using the money to either fund your next opportunity, or to support a well-deserved retirement. Either way, getting the best price for your business and bringing home the maximum profit is an important piece of the puzzle, and one that has a lot to do with how you prepare for the sale.
The following four tips will help you get the most out of selling your business so you can move on to whatever’s next in style. (more…)

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G is for Good Standing

This week, our ABC’s for business focus on the kind of standing your company is in, specifically keeping it in good standing. Good standing is defined as the status of a firm which is current with the payment of statutory dues and filing or required periodical reports. Keeping your company within good standing is absolutely necessary to your business and a big responsibility for any entrepreneur to take on.

Sometimes some proof of said standing is necessary, which is where a little thing called a certificate of good standing, or tax compliance, comes into play. This certificate is issued by a state official as evidence that your corporation or LLC exists and is authorized to transact business within the state as well as to make sure that you are running your business by the rules and regulations required by the law. (more…)

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