Sale of Small Business

There will inevitably come a time when you’re ready to move on from owning and operating your small business. When that time comes, you’ll need to determine your best option for exiting your business. In many (if not most cases), that will mean preparing for someone to acquire your business. Today’s post details some of the considerations and steps you can take to better position your business for a successful acquisition.

The Bigger Your Company, The Less Options You May Have

I know, it seems counterintuitive. But if you think about how many people are willing or able to pay $1M versus $10M for your “small” business, it’s easier to see that the larger your company, the fewer potential buyers there may…

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Crowdfunding

Exciting news from our friends east of Lake Washington came out last week! The City of Bellevue is developing a plan to launch a website that will take advantage of Washington’s new crowdfunding bill. The City’s goal is to provide local companies a new way to raise money from smaller, local investors.

What is crowdfunding?

As we’ve discussed in previous posts,...

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Owner disputes

It is no surprise that the LLC has become the most popular limited liability entity to form in the U.S. The flexibility afforded by the LLC structure is attractive to many entrepreneurs, especially small businesses. There’s one important step that owners of an LLC should not overlook: drafting the operating agreement. Today’s post highlights some of the main benefits...

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TM Search

When purchasing a small business, many buyers overlook one important aspect of the deal: transferring intellectual property rights. Typically, IP rights include copyrights, trademarks, patents, and other non-disclosure rights. I’ve highlighted three basic questions you should always ask before you purchase a small business.

Can you and do you want to transfer the business’ trademarks?

In some situations even if...

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