Quote:
Originally Posted by Flash68
Did that business broker even own a business? Some car salesmen know very little about cars.
I've dealt with some business brokers before and boy oh boy....
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You're exactly right. Since I was thinking about buying a business he was the guy I talked to since he was very well versed in how to value a business i.e. assets, goodwill, blue sky, etc. I never bought the business, based mainly on his advice. The seller claimed nothing on his tax return because he ran his kids go kart gig through it. SBA guy at the bank saw that and all he said was, "we have a saying in this business, you don't get paid twice" If you already have a business or are starting one, there are people at SCORE that know about that stuff too. They will put you with the best person they have for what you are trying to do.