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Selling or Buying a Small Business/Questions

SubjectDate AskedExpert
goodwill9/30/2009Carlos Jaramillo
  Q: If a person is selling a property management buisness (rental change overs, swimming pool cleaning, ...
  A: Rae, Absolutely! What a buyer will pay for are the historical earnings in 2007, 2008, and 2009 ...
tranfer of product warranty after sale9/9/2009Carlos Jaramillo
  Q: I own an LLC and am selling the assets, the contracts, the name and the web site but not the LLC. ...
  A: Randy, I am not sure what you are asking me. I think you want to know if the buyer will have to ...
starting a business8/18/2009Carlos Jaramillo
  Q: My brother and i are looking into starting a business or buying a business. the business would be ...
  A: Martin, This is a simple question to answer. First, there really is no such thing as 100% finance. ...
Tax Liability - Business Buyout7/1/2009Carlos Jaramillo
  Q: We own a franchise with some family members and will have been open 1 year in August. It is not ...
  A: Nicki, If I understood the question correctly the answer is nothing. You will be taxed on the gain, ...
buying with NO MONEY5/7/2009Carlos Jaramillo
  Q: is there a way to purch a buss with NO MONEY. is there any lenders that will lend 100%. we are ...
  A: Ok, The quick answer to your question is NO, a bank will not lend 100% and YES you can buy just the ...
buying with NO MONEY5/7/2009Carlos Jaramillo
  Q: is there a way to purch a buss with NO MONEY. is there any lenders that will lend 100%. we are ...
  A: Darlene, The quick answer to your question is yes you can find banks that will lend for the ...
Business Goodwill & Personal Goodwill4/17/2009Carlos Jaramillo
  Q: Can we (There are three of us) sell the goodwill from our personal business that we each built the ...
  A: Brenda, The reality is you can sell anything you want. The questions you should be asking is wether ...
capital gains tax4/17/2009Carlos Jaramillo
  Q: We sold actually property where we operated a small body shop in texas 12/28/08. I am confused on ...
  A: Michelle, It sounds like what you are asking is what your capital gains tax is on the sale of Real ...
Selling Small Business4/15/2009Carlos Jaramillo
  Q: I have a small courier business in VA. Tough economic times along with a lack of sales are making me ...
  A: Eric, Ok, so if I understand you...the company's numbers look like this: Revenue ...
Selling Small Business4/14/2009Carlos Jaramillo
  Q: I have a small courier business in VA. Tough economic times along with a lack of sales are making me ...
  A: Eric, I will give a bit of homework and then I can try and advice you on what to do. The first ...
selling tax3/19/2009Carlos Jaramillo
  Q: If i sell my buisness for $70,000.00 how much tax do i pay in Michigan? I have owned it for 9 years. ...
  A: Jason, I don't know the figure that Michigan will charge you. What you should be concerned about is ...
Forming a partnership2/19/2009Carlos Jaramillo
  Q: I am the sole proprietor of a small retail store. I would like to take on a partner (or two) but ...
  A: Betty-Ann, My area of expertise is in business sales, but to address your question, the simple ...
free grant to start my own business2/14/2009Carlos Jaramillo
  Q: where do I go to get a free grant to start my own business
  A: Patricia, To be frank, in todays tight markets I don't know if this program is still functional. ...
small business1/30/2009Carlos Jaramillo
  Q: where can i get advice how to close a small retail business? ANSWER: Vera, What do you mean by ...
  A: Vera, This is really not my area of expertise. What you are talking about is dissolving a ...
s corps1/15/2009Carlos Jaramillo
  Q: i own a tanning salon and day spa and it is one S corp, i would like to sell the tanning salon so do ...
  A: When structuring the sale of a business you can go two routs. One, an asset sale; Two, a stock sale. ...
s corps1/14/2009Carlos Jaramillo
  Q: i own a tanning salon and day spa and it is one S corp, i would like to sell the tanning salon so do ...
  A: Stacie, When structuring the sale of a business you can go two routs. One, an asset sale; Two, a ...
Binding Business Contracts12/19/2008Carlos Jaramillo
  Q: My husband prepared a purchase agreement with a newly LLC to purchase an existing business franchise ...
  A: Kim, Your questions are more legal than anything. My area of expertise is helping people such as ...
selling a small business12/18/2008Carlos Jaramillo
  Q: I own a very small clothing resale and gift shop. I am interested in selling my business as a whole ...
  A: Jessica, Selling a business is a very difficult process and I could probably write you a book on ...
Changing ownership of Salon12/15/2008Carlos Jaramillo
  Q: I own a Salon in Southern California. I am adding a partner that will be buying out my last partner ...
  A: I have to start by letting you know that I am not familiar with California licensing law. But, I am ...
previous partner has concerns11/10/2008Carlos Jaramillo
  Q: A awhile back my partner wanted out of LLC she resigned as governor and officer. I make her monthy ...
  A: Jim, This is more of a legal question rather than a question about selling or buying a company. The ...

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