Selling A Business

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How Will the Coronavirus Pandemic Affect the Value of My Business?

Guest Author, Matthew FitzGibbon, CBI, ASA Matthew FitzGibbon has a diverse background in business operations, transactions, and commercial real estate. He has a Certified Business Intermediary (CBI) designation from the IBBA and is an Accredited Senior Appraiser (ASA) in the American Society of Appraisers. He is also the President of FitzGibbon Alexander, Inc., a Central […]

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employee value in law firm

3 Reasons You Should Tell Your Employees You’re Planning to Sell Your Law Firm

As a solo or small firm lawyer, you have a unique position in life. Despite what you might think, you aren’t just a lawyer: You are also a small business owner! And as a small business owner it’s very likely that you have employees who depend on you and your business for their livelihoods. If your firm

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improve business salability

7 Easy Steps to Improve the Salability of Your Business

In business there is one timeless rule: you will leave your business at some point. Business owners should always prepare for their business exits well in advance. In my experience, an unplanned exit will usually be an unprofitable one. Great care should be taken when you’re considering selling your business to a third party buyer.

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Florida noncompete agreements

What Every Business Owner Should Know about Florida Noncompete Agreements

Business owners have insurance to protect their business assets in the case of liability loss or accidents. They create business entities—LLCs or corporations—to protect their personal assets. It makes perfect sense that they would also want to protect the business’ services and products from unfair competition by a former employee. Noncompete and other “restrictive covenant”

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maximum business value

How to Leverage the Type of Buyer to Maximize Business Value

After you’ve estimated the value of your business, settled on a reasonable price range, and put the sale process in motion, there are proactive steps you can take to make sure that the sale is as successful as possible. From an objective point of view success means simply closing the sale. But from a subjective

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lease affects business value

Surprising Ways the Lease Affects the Value of Your Business

Business owners generally understand that their business needs to have contracts and agreements in order to protect itself from being sued and having to pay lawyers to defend the company in court. What is less understood is how business contracts impact business value. Well-written contracts can enhance overall business value, and poorly written contracts can

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