The Art of Buying and Selling Business

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The Art of Buying and Selling Business

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A N G CPA Professional Corporation - Chartered Professional Accountants of Ontario is a proud accounting firm and a public office authorized by CPA Ontario since 1990. We offer top-notch and affordable accounting services for a wide array of industries. Along with private business practices, our organization caters to professionals such as Lawyers, Dentists, Doctors etc. with services such as Financial Statements (Compilation, Review, Audits), Bookkeeping, and payroll services. We also specialize in services for Lawyers such as Monthly Bank reconciliations, PC-LAW training, PC-LAW Support, Assistance for Audit from law Society of Ontario and Payroll Services. – PowerPoint PPT presentation

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Title: The Art of Buying and Selling Business


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Everyone is starting a business with the
intention of doing it again, this can also be in
the form of a profit or re-acquired by selling
your business. A prudent entrepreneur regularly
devises an out-of-town strategy for his business,
which in turn gives investors confidence in the
business and ensures that if needed the business
has an exit plan in place. To learn more about
exit strategies click here. Selling a business
can be a complicated process. The process can be
confusing, from finding a buyer to evaluating
your business.
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  • If you are planning to retire
  • If it's your exit plan
  • You want to do it again
  • Its time for change

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Rate your business a domain name
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Quick steps to market your business
Polish Your Business Funds Talk to Accounting
Firm in Vaughan or an active Accounting company
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Make sure you set an opt-out plan in advance
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Find a dealer who can help you find buyers and
negotiate a deal
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Short list of critical buyers
Complete contracts and sales process
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Where should I start?
When it comes to selling a business, the whole
process can seem a bit complicated. Here is a
complete guide specifically for potential
sellers. And it applies to companies and their
shareholders. A company or business that includes
goods can be sold, the way you sell them may
vary. Some of the ways you can sell your business
are
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Share sales
Sales of goods
In this case, the company sells all goods, trade
or business. As a result, the company remains
with the seller, however, as a result of the sale
of the goods the company itself gains a great
profit or loss after the transaction. The company
is obliged to pay the organization's tax based on
the proceeds. The corporate tax payment applies
unless the company can pay the business tax using
the current capital losses of the current trading
losses, the trade losses are only continued if
they were created sometime after April 2017.
Shareholders are expected to double tax on the
company's earnings. This is where a company
closure takes place in order to extract all
available profits and profits.
This is the situation in which a company is sold
directly or in part. Therefore, shareholders went
ahead and discarded shares in the new company
owner, which resulted in the shareholders
receiving huge profits or losses depending on the
transaction. Learn more about income tax.
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Taxes can be hard once the business has been
sold, our internal accountant for lawyers or
business accountants should be able to provide
smart and effective solutions to your accounting
and tax problems.
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Current employment contracts or agreements are
protected under what is known as Transfer
Undertakings Protection of Employment Regulations
(TUPE). But this protection applies to the sale
of a business or company (as an ongoing concern).
Talk to your accountant, they should be able to
refer you to a good employment lawyer. TUPE does
not apply when the sale of shares is affected as
long as the rental company does not change
anything. This means that the owner of a new
business will not be able to change existing
contracts without consulting the company's
employees.
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The first step is to prepare a rating to find
what is for sale and edit the sales details. Some
businesses can be sold along with their surplus
assets such as land and property. Their principal
value (for development purposes) may be somewhat
different compared to its administrative amounts
in accounts. Therefore, it is a good idea to look
at their prices, because they are actually
different from the share price.
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