
Here's a link to the article: The 9 Things You Must Do After You Sell Your Business
![]() The following Axial Market article describes things a business owner should do after they sell their business. I agree with the points in the article but many of the things the author suggests doing, such as "get an estimate of the taxes owing and when", should be considered well BEFORE a business sale is completed, not after. The writer has more than 30-years of M&A experience, so I don't think he meant that you should wait until after a business sale to do any of this planning. Rather, he is speaking about the unfortunate reality that many business owners haven't done pre-sale planning. If you are considering a business sale, these are great things to think about or do during the exit planning process. Don't wait. Here's a link to the article: The 9 Things You Must Do After You Sell Your Business
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![]() Over the years I've heard many "experts" give rather flippant answers to the question posed by entrepreneurs of what type of legal entity they should choose when organizing their business. Yet, depending on what you are trying to achieve there can be dramatically different restrictions, opportunities, and pros and cons of each type of legal entity. Just one example: if you want the ability to offer more than one class of stock, you won't be able to do so is you organize as a S corporation, but you can as a C corporation. One of the best articles I've read about the choice of legal entity comes from Joe Wallin, an attorney at the Seattle office of Davis Wright Tremaine LLP. Here's a link to the article: Choice of Entity ![]() Many people are aware of rock star Bono's commitment to humanitarian global causes, but some people don't realize that Bono believes that capitalism is a better answer to the world's problems than aid. Check out the following video where Bono says "Commerce is real - aid is just a stop gap. Entrepreneurial capitalism takes more people out of poverty than aid, of course we know that." |
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