The beginning of summer always has an impact on the deal-making process. With so many moving parts in a transaction – buyer, seller, banker, attorneys, CPA’s, etc. – it’s inevitable that one or more will be on vacation or taking an extra day or two out of the office, often slowing down the progress of completing the deal. But for business owners contemplating selling their companies, summer is the best time to start the process, especially this year.
For one thing, the planning, information-gathering and analysis that is required to properly present a company for sale can take several weeks, even months. Completing those tasks during summer allows us to go to market in early fall – right when buyers get back to work focusing on new transactions. Secondly, current capital gains tax rates are scheduled to increase at the end of 2012. In order to take advantage of current tax rates, a sale must take place before the end of the year. That means starting now.
It’s important to have an experienced advocate on your side in a transaction, shepherding you through the entire process. Since 1984, Kasper & Associates has specialized in facilitating the sale of manufacturing, distribution, and service businesses with annual revenues from $1,000,000 to $70,000,000. Having completed over 300 transactions, K&A professionals are eminently qualified to assure that companies sell (1) at a higher selling price and better terms, (2) in a shorter period of time, and (3) in the most confidential manner.
Contact Kasper & Associates today to discuss how we can assist you in achieving your financial goals in the sale of your business. Call Ed Kasper, Layne Kasper, Pat Higgins or Lud Jones at 817/738-4220, or click here to contact us.