Sheehan & Associates, P.L.C.

Posts tagged "sale of a business"

Understanding how a business is sold

Business owners and entrepreneurs in Michigan might find it beneficial to learn more about the sale of an enterprise as described by the IRS. Each asset associated with the business is to be sold individually so gains and losses can be properly evaluated. However, because many businesses require a variety of assets to sustain operations, the assets should be classified appropriately.

Pitfalls to avoid when selling a business

Selling a business in Michigan is likely to be a less stressful experience if the business owners have done their homework and has realistic expectations. While the sale of a business may sometimes throw up completely unexpected problems, some common pitfalls may be avoided when proper preparations are made prior to putting the business on the market.

What is a reverse merger?

Michigan residents may often hear about business acquisitions that ultimately allow a company to consolidate its market share or expand its range of product offerings. A less common though equally interesting event that takes place in the business world is a reverse merger.

Placing a value on a Michigan business

Before a business is bought or sold, it is essential to the process that both the buyer and seller have a firm grasp of the value of the organization in question. Failure to completely take into account for the worth of a business can lead to a variety of problems, both legal and financial. There are a variety of factors involved in determining the value of a business, including goodwill, a client list, any real property, inventory and other assets, such as machinery and equipment.

A look at Google's acquisition successes and failures

Michigan businesses may be interested in a look at the successes and failures of one Silicon Valley company's acquisition strategy. With billions of dollars available to purchase other companies, experts are speculating on what they will acquire next.

Lawsuit against ePrize investors dismissed over statute of repose

Former executives at the Internet marketing company ePrize LLC, based in Pleasant Ridge, say they weren't paid due compensation when a majority stake in the company was sold to a private equity group, Catterton Partners Corp., in 2012. The value of the sale was estimated at $100 million, and an appeal is expected after a judge in Oakland County recently dismissed a lawsuit brought by the former executives.

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