A business valuation is a critical component of a successful exit strategy. Without knowing what your business is worth in the marketplace, it would be difficult to determine a sales price.
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules.
Depending on your entity type, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation.
Some of the laws surrounding the Wayfair decision could ensnare nonprofits that make taxable sales to other states — even if similar sales aren’t taxable in their home states.
Having a healthy cash flow is critical to keeping your company in prime shape to seize profitable opportunities and overcome financial challenges.
One of the best ways you can start this journey it is to familiarize yourself with the process of selling a business.