AboutRobert Doblmeier, M.Sc. Expertise I am happy to answer questions about Small Business Sales i.e. Small businesses with Gross Sales in the 250K to 50 million dollar range. The business must be privately or closely held(no publicly traded companies).
Experience Why me? I am a full time business broker with a 14-year history in real estate in New York and Florida. I taught the New York State Licensing course for 2 1/2 years. I am the winner of VRs’ Prestigious Bronze Award for 2006, and a major reason my office won the Centurian Award in 2006. After just seven months in this office, I closed the deal that resulted in the largest single commission in our offices’ history, a record that stood for over 1 full year. I am an instructor for the Small Business Development Administration, teaching a course I designed and created called "How to Buy a Business". I am a Certified Networker and have won the Notable Networker Award three times in one year. I am also an instructor for the Referral Institute, teaching the Referral Pipeline course. In 2006, I was nominated to the Presidents' Business Advisory Council on Small Business. Most importantly, I have amassed a large database of recognized professionals that can facilitate your transaction.
Organizations The Referral Institute, Business Networking International, International Business Brokers Assoc., German American Business Council,
Publications Small Business Development Corp. and various private newsletters.
Education/Credentials B.Sc. Stockton College, M.Sc. Long Island University,
Awards and Honors Centurion Award for 2006, Bronze Award for 3Q 2006, Recognition for the First SBA loan done in the Office.
Past/Present Clients I can not , for reasons of confidentiality name past or current clients. I can name industries where I have facilatated a transaction: marine, furniture, beauty industry, education, food service, automotive, home improvement, construction, and tax industry.
Question As we put together a letter of intent to purchase another business for a client of ours, is Goodwill treated differently than a covenant not to compete in any way? Is one treated as capital gains and the other as ordinary income?
Answer This question needs further clarification.
If you are putting together a LOI, why are you concerned with either good will or Non Comp? Capital gains AND OI are accounting questions and not with in the scope of any LOI i am familiar with.
Also what state are you in, because there are certain "protocols" that are followed by state and by industry.
Goodwill is usually in the closing docs and is in MOST cases anything paid over and above the hard assets of the business and CASH on Hand.
I HAVE HEARD of Non comps in some cases having been given a VALUE But I have not been involved in such deals.
As for the aspect of your question on CG and OI that is outside my scope and are better questions for a specialist in tax strategies. Please get back in touch with me about this LOI.
