Keys to Venture Capital and Private Equity Groups Buying Accounting Firms




For most entrepreneurs, finding the money to launch their first business stands as a tremendous challenge. The good news is that getting a loan through the Small Business Association (SBA) is turning out to be a viable option for many…

Are you a first-time business buyer? If so, it is critical that you work with a business broker or M&A advisor. If you’ve never purchased a business before, you simply can’t anticipate all that is involved in buying a business. …

Deciding how the purchase of a business should be structured is no small task. If you are planning to ask the seller of an accounting practice to help you with some ‘seller financing’ or a ‘seller note’, you’ll want to…

After a seller of an accounting firm talks to and meets with potential buyers about acquiring the seller’s practice this is what typically happens. One or more of the potential buyers will make an offer in the form of a…

On Wednesday, August 30, 2023 the SBA issued Information Notice 5000-848801, 7(a) Fees Effective October 1, 2023, for Fiscal Year 2024 (dated August 29, 2023). The new fees will be effective for loans approved by SBA during the period October…

Truly understanding a business is much like understanding the condition of a car. It is necessary for a skilled mechanic to “pop the hood” to access the true condition of a car. In much the same way, you and your…

The long and fast-growing trend of growing your tax & accounting practice by buying an existing firm or book of business, rather than growing one from scratch or organically, relies on one of a couple important elements. The most important…

If you’re planning to buy or sell a business that involves a lease, this can lead to an extra level of complication. Oftentimes, such as in the case of a restaurant or retail establishment, the location is essential to the…

There are clearly qualities that make a person an ideal candidate to be a business owner. On the other side of the coin, however, it’s clear that owning a business isn’t for everyone. Let’s take a look at some of…

If you’ve ever gotten any type of substantial loan, chances are that you’re already familiar with the concept of collateral. This is when something of value is pledged as security. As a result, the lender has something of value that…

A partnership agreement is a legal document that provides an outline of how a business will be run. This agreement will often be used by small for-profit businesses when two or more people are involved. It’s an essential document to…