Tip #80 – Financial Statements Are A Company’s Report Card And The Key To Determining Business Value.

Report CardThere are many items that buyers for a business will want to see, but the most critical are the Profit & Loss Statements, Balance Sheets and Tax Returns for 3 – 5 years. These documents must be current, accurate and readily available.

Buyers, their accountants and advisors will closely scrutinize these “report cards” which will serve as a basis to determine cash flow and value.

In preparing a business for sale, these documents need to be collected, reviewed for accuracy and be ready to be presented.

 


Michael MarksMichael Marks, creator of Toons ‘n Tips, is a Certified Business Intermediary (CBI) and has over thirty-six years of business experience and ownership. He is a licensed real estate broker in the state of Colorado and has been selling businesses for over eighteen years. Michael has taken up cartooning as a hobby in recent years and has found that by using those skills, along with his extensive business experience, he has been able to create the Toons ‘n Tips drip marketing service for clients all over the country. Find out more about Michael at www.toonsntips.com.
2015-11-03T10:09:07+00:00November 3rd, 2015|Maximizing Business Value|