Only one thing is certain when buying or
selling a business... the deal will crash and burn at least
three times before it is completed!
The professional advice that the partners of the
Kemp Harvey Group give will cost you a fee, but that advice should
make your journey into owning your own business or selling your
business, much safer in the long run, and might possibly save
you a lot of money.
If you are buying, we will help you decide
whether or not you should buy the assets of the business (most
often preferred), or buy the shares of the business (which attracts
the tax history of the business). We will help you through the
perils of making an informed decision and give you the tools to
be an effective owner. Sometimes our advice might be to walk away
from what looks like a good deal (which may be too good to be
true). We can provide you with the tools to perform an effective
"due diligence" process to protect you from unforseen
pitfalls and areas of concern. We are able to help you with your
financing options and assist you in the presentations to your
bankers.
If you are selling, we will help you decide
what it is you are really selling, guide you into finding out
what the real market price might be and help organize your affairs
to minimize any tax consequences that may arise as a result of
the sale. It is vital to a prospective purchaser that they have
correct and reliable information on which to base their decision.
Typically this consists of several year end financial statements
and tax returns prepared by professionals. We can help you prepare
your information into a package that the buyer and their bankers
can accept and help you while the "due diligence" process
is being followed.
Buying or selling a business is a very exciting
time and as professionals, we can be great "backstops"
when too much enthusiasm meets too little substance.
Contact your local
Kemp Harvey Group office if you require information
on buying or selling.
