In 2024, the U.S. Department of Labor (DOL) recently issued a final rule that significantly increases the salary threshold for employees to be classified as exempt from the Fair Labor Standards Act (FLSA) overtime pay requirements. This change will result in more employees being classified as non-exempt, which means they will be eligible for overtime pay and subject to the FLSA's requirements for accurate timekeeping records. The post New Overtime Rule Increases the Salary Exemption Thresholds appeared first on Exit Promise ..read more

In this episode, Holly Magister, a CPA with expertise in business sales, offers valuable insights into tax planning for entrepreneurs preparing to sell their businesses. Dive into the nuanced tax considerations discussed and learn proactive strategies to enhance sale proceeds while reducing tax liabilities. This episode serves as a hands-on roadmap for business owners, equipping them with the knowledge to make informed choices and optimize their financial results throughout the intricacies of business exits. Tune in for essential guidance! The post Maximizing After Tax Proceeds When Selling Yo ..read more

When seeking money for your business, it is necessary only to approach accredited investors because regulations restrict the types of investors allowed to participate in such private placements. By limiting investments to accredited investors, regulators aim to protect less sophisticated investors from the higher risks associated with certain types of investments, such as private placements or hedge funds. To qualify as an accredited investor, an individual must typically meet one or more of the following criteria: The post Understanding the Accredited Investor Rule 501 of Regulation D appeare ..read more

When selling a business, you’ll likely engage various advisors to help you navigate the process, maximize the sale price, reduce risks associated with the deal post-transaction, and ultimately close the deal. Different types of advisors work in various business sales roles. They may assist in the transaction, each with unique expertise, deal process, and fee […] The post Which is Best – Business Broker, M&A Advisor, or an Investment Banker? appeared first on Exit Promise ..read more

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Learn why business buyers view your business as unattractive and it fails to sell once it’s on the market.  We've summed up the top seven reasons and included suggestions regarding how to overcome these obstacles. The post Why Business Buyers Won’t Buy Your Business appeared first on Exit Promise ..read more

A common method used to calculate business value involves applying a multiple to the company's EBITDA. And while business owners who intend to sell their business have many options to increase the transaction multiple, one way to unlock value using this calculation is to identify other, non-customary "add-backs" to increase EBITDA. The post EBITDA Add Backs and Adjustments appeared first on Exit Promise ..read more

Choosing the right intermediary or business broker to represent a business owner in the sale of their business can make all the difference when it comes to the right price, the right buyer, and the ability to close the deal. The post How To Choose A Business Broker Intermediary appeared first on Exit Promise ..read more

At some point during a company's existence, it's very likely a business owner will need a business valuation. Regardless of the reason, it is very important to understand how business valuations are conducted. The post The Three Business Valuation Approaches [Infographic] appeared first on Exit Promise ..read more

The post The Negative Effect of Concentrations on the Value of a Business appeared first on Exit Promise ..read more