Buying A Business

commercial financing

Commercial Financing Insights from Hunt Dawkins

Welcome to another installment in our series of Referral Partner Profiles. This is the final profile of 2019, and I think it’s particularly pertinent to the current economic climate. Hunt Dawkins is Vice President-SBA Division Manager at Axiom Bank. He eloquently describes his job as “financing the hopes of dreams of business owners.” But because […]

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5 Questions to Ask During the In-Person Visit (+3 bonus questions!)

I can’t tell you how many times I’ve heard first-time business buyers tell me that they were shocked that they didn’t get to look at more financial and business information before they were expected to make an offer. On the one hand, I certainly take their point. It’s true that the financial information you get is

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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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franchise disclosure document

FDD and Me: What Are the 23 Franchise Disclosure Items?

The Federal Franchise Law and the franchise rules and regulations issued by the Federal Trade Commission govern a franchisor’s distribution and obligations in the disclosure of their Franchise Disclosure Document (FDD). In some states, franchise systems also have to register and get their FDD approved at the state level. Every FDD must include these 23 disclosure items.

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business buying less risky than startup

Buying a Business Is Less Risky Than a Startup

Owning and operating a business, being your own boss, is an inextricable part of the American Dream. It’s no coincidence that a particularly common mantra for politicians—both Democrat and Republican—is “small business is the backbone of the American economy.” And it’s true. According to data from the Small Business Association, in 2016, small businesses accounted

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Tax issues

How Changes to Depreciation in the TCJA Will Affect Your Business

Dave McCarron is the founder and president of McCarron Accounting and Consulting CPAs in Winter Park, Florida. He has been serving the Florida community since 1990. Dave and I recently discussed a very “hot” topic: depreciation. He makes clear that the radical changes to depreciation in the new tax law will have equally radical effects

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