After helping professionals and business owners exit their firms over the past 29 years, I’ve found there is one thing that, above all, can destroy firm value. This thing is often hidden to the owner, but something that every buyer looks for. Most people don’t appreciate the impact this thing has until it’s too late […]
The Hidden Destroyer of Business Value Read More »
Whenever I mention “partnerships” to business owners, I invariably hear groans and tales of partnerships gone bad. Many swear off partnerships period. But, while it is true that partnerships can become problematic, the upside can be significant. Partnerships have created some of today’s most valuable businesses (think Google / Alphabet). Plus, for many small businesses,
To Partner or Not to Partner? That is the Question. Read More »
Recently I spoke with a prospective law firm seller. A buyer had expressed interest in her firm as a way to add a new practice area with an existing client base, but the terms hadn’t been finalized. As we delved into her expectations for the sale, she told me she wanted to work for the
You Have to Leave Something for the Buyer Read More »
Lawyers have before them today a lucrative opportunity not available to other business owners. And I’m certain this opportunity won’t last long . . . The opportunity is buying a law practice. A properly run law practice will generate between 25% and 40% of gross fee revenue in owner benefit. A firm grossing $1MM should
Legal Gold Rush: Seizing the High ROI Opportunity of Buying Law Practices Read More »
Firm Administrator
Faith has provided financial, purchasing, and administrative services for manufacturing and service businesses and professional firms for over 30 years. She has an associate’s degree from Adelphi University and a bachelor’s degree from Florida Metropolitan University. She manages the firm’s HR, payroll, administrative, and financial matters. In her spare time, she enjoys doing jigsaw puzzles,
Faith Alexander Firm Administrator
Attorney
Dana Lidfeldt has practiced for over 14 years representing clients in commercial transactions, complex business litigation, alternative dispute resolution, real estate, and construction law. Dana is admitted to practice law in Florida (2007) and the United States District Court, Middle District of Florida (2007). Dana earned her J.D. degree from the Florida State University, cum
Dana Lidfeldt Attorney
Attorney, Author and Founder/CEO
Ed Alexander is an attorney, author, and founder/CEO of Alexander Business Law, PLLC in Orlando, Florida. Alexander Business Law helps their clients create greater autonomy and freedom with well thought out and profitable business relationships. Through education, advice, and guidance, their clients are able to enjoy their businesses and their lives. Ed is admitted to
Ed Alexander Attorney, Author and Founder/CEO
The other day I was speaking with a business owner about the process of selling his business. During the conversation, he mentioned that he’d also had a conversation with an out-of-state broker who specialized in the seller’s business type. He told me that broker proclaimed that sellers who engaged small local firms only had a
How Many Business Owners Successfully Sell? Read More »
If you’ve been considering buying a building for your business or making an add-on acquisition to grow your business, now may be the time to act. Part of the economic relief legislation enacted at the end of December – known as the Consolidated Appropriations Act, the law that created PPP2 and made PPP1 funds non-taxable
Special Limited Time SBA 7(a) Loan Opportunities Read More »
Are Expenses Paid with PPP Loan Proceeds Now Deductible? Congress created the Paycheck Protection Program as a loan from the federal government that was forgivable as long as the proceeds were utilized for specific expenses. Since forgiveness of debt creates taxable income, the legislation also provided that the amount of the loan that was forgiven
Are Expenses Paid with PPP Loan Proceeds Now Deductible? Read More »
