{"id":225735,"date":"2024-01-11T10:00:07","date_gmt":"2024-01-11T10:00:07","guid":{"rendered":"https:\/\/www.markperlbergcpa.com\/a-business-valuation-for-your-atlanta-business\/"},"modified":"2024-01-11T10:00:07","modified_gmt":"2024-01-11T10:00:07","slug":"a-business-valuation-for-your-atlanta-business","status":"publish","type":"post","link":"https:\/\/prosperlcpa.com\/blog\/2024\/01\/a-business-valuation-for-your-atlanta-business\/","title":{"rendered":"A Business Valuation for Your Atlanta Business"},"content":{"rendered":"
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<\/span>Making New Year\u2019s resolutions seems like a waste of time. Sure, we might start with the best of intentions, but by February most of us have quit the gym, returned to normal eating habits, and left books unread on our bedside tables. <\/span><\/p>\n

But something I do believe in making at the start of the year are goals \u2014 both personally and professionally, short- and long-term. I keep in mind my limits and then set the goal to push past those limits. <\/span><\/p>\n

So, what are some of your goals for 2024?<\/strong> I\u2019d love to hear more about them\u2026 especially any that pertain to your <\/span>Atlanta <\/span>business.<\/span><\/p>\n

If you do go the resolutions route, one I think is worth anyone prioritizing in the new year: stop procrastinating<\/u>. Procrastination is preventable with a little foresight and willpower.<\/span><\/p>\n

And one thing you should not procrastinate on this year is filing your <\/span>Beneficial Ownership Information report<\/span><\/a> (BOI). Filing started as of yesterday. And while you have until the end of 2024 to get it finished, why wait? In the name of no more procrastinating, <\/i>why not go ahead and knock this one off your list now while you\u2019re thinking about it?<\/u> (Note: BOI reporting doesn\u2019t apply to every business. Reach out if you\u2019re not sure you need to file a report. We can help.<\/i>)<\/span><\/p>\n

One other announcement to note\u2026<\/span><\/p>\n

\u200b\u200bIf you filed an ERC claim in error and want to pay back money you received, the IRS has a new <\/span>voluntary disclosure program<\/span><\/a> for you. The program runs through March 22, 2024 <\/strong>(that only gives you a few months). <\/span><\/p>\n

Even better news: Because the ERC mills charged <\/span>a percentage fee, thus reducing the amount you received, the IRS has made provisions <\/span>requiring only 80% of the claim be paid back. (Thanks, Uncle Sam.)<\/span><\/p>\n

Now, now part one of this topic (which you can find in the blog archives) was about selling your business and some of the practical considerations that should play into decision-making. I\u2019m here to pick up that subject again, this time addressing more of the financial elements, like taxes and business valuation.<\/span><\/p>\n

It\u2019s a complicated subject that won\u2019t fit within the confines of a blog like this, but I want to cover some of the bases for you. If you want to talk more specifics, reach out and let\u2019s talk more: <\/span>
https:\/\/calendly.com\/d\/46r-49m-93k\/10-minute-intro-call<\/a><\/strong><\/p>\n

So, let\u2019s dive in\u2026<\/p>\n

A Business Valuation for Your Atlanta Business<\/strong><\/span>
\u201cCheers to a new year and another chance for us to get it right.\u201d \u2015 Oprah Winfrey<\/i><\/span><\/p>\n

If you\u2019re considering selling your business this year, be prepared for the rigors involved both before and after the sale. This is no small endeavor, as you can imagine.<\/span><\/p>\n

But the effort is worth it. A well-thought-out selling and pricing strategy not only attracts serious buyers but also ensures that you walk away with as much money in your pocket as possible. You\u2019ve put too much work into this business to not take your time in this process.<\/span><\/p>\n

We could tackle any number of topics related to a business sale, but today I want to address three: selling reasons, business valuation, and terms and conditions.<\/span><\/p>\n

1. Sell for good reasons<\/span><\/p>\n

Making the decision to sell your business is a big deal. There are a lot of things you have to take care of in the process. So, it’s essential to have good, well-thought-out reasons behind such a pivotal move.<\/span><\/p>\n