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Selling or Buying a Small Business/Questions Answered by Expert Carlos Jaramillo
| Subject | Date Asked |
| goodwill | 9/30/2009 |
| 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 sale | 9/9/2009 |
| 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 business | 8/18/2009 |
| 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 Buyout | 7/1/2009 |
| 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 MONEY | 5/7/2009 |
| 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 MONEY | 5/7/2009 |
| 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 Goodwill | 4/17/2009 |
| 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 tax | 4/17/2009 |
| 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 Business | 4/15/2009 |
| 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 Business | 4/14/2009 |
| 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 tax | 3/19/2009 |
| 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 partnership | 2/19/2009 |
| 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 business | 2/14/2009 |
| 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 business | 1/30/2009 |
| 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 corps | 1/15/2009 |
| 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 corps | 1/14/2009 |
| 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 Contracts | 12/19/2008 |
| 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 business | 12/18/2008 |
| 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 Salon | 12/15/2008 |
| 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 concerns | 11/10/2008 |
| 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 ... | |
Carlos Jaramillo
Top Expert on this page
Expertise
I am certified Business Broker. I can help any questions that business owners may have relating to the sale of their business, or I can help answer any question relating to the purchase of a privately held business/company. I can help with due-diligence questions, Purchase Agreements, Letters of Intent, and all general questions relating to this subject matter.
Experience
I am a certified Business Broker with over 5 years expertise. Our firm, Murphy Business, is one of the largest and most successful Business Brokerage houses in the Country. We average over 300 businesses sold annually. Our clients range from small grocery stores, to large manufacturing companies. Annual revenue for these companies will typically range from $250,000 to $15,000,000.
Organizations
Murphy Business & Financial Corp.
National Equipment and Business Builders Institute
Society of Business Annalists
Business Brokers Network
International Business Brokers Association
Georgia Association of Business Brokers
Business Brokers of Florida
Georgia Hispanic Chamber
Education/Credentials
B.S.- International Business (EAFIT)
B.S.- Economics (University of Texas)
CMEA - Machinery and Equipment Appraiser (NEBB)
Real Estate Agent - Georgia RE Commission
Real Estate Agent - Florida RE Commission
Awards and Honors
2003 New Business Broker of the Year (Murphy Business)
2006 Million Dollar Club Award (Murphy)
2006 Million Dollar Plus Award (BBF)
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