Why Now is a Great Time to Sell your Business
Interest rates are low, business valuations are rising, and President Joe Biden wants to raise capital gains taxes, which means now may be the best time to sell a business. In this video, Donna Fuscaldo, Senior Finance Writer at business.com, interviews Jason Katz, a Wealth Advisor at Bartlett Wealth Management, about selling a small business and why those on the fence should make a move now.
Time Stamps
0:00 Donna Fuscaldo of business.com introduces Jason Katz, a wealth advisor, at Bartlett Wealth Management.
0:46 Jason explains that interest rates are extremely low, which means the cost to borrow money to buy a business is low. Because it’s such a low hurdle to purchase businesses, valuations are rising, in some cases to pre-pandemic levels.
1:48 Jason explains people have been holding on to cash and they want to invest for growth so they are setting their sights on buying businesses. The interest is broad-based, explains Jason.
2:47 Donna asks Jason what impact raising the capital gains tax will have on small business sales.
4:00 Jason discusses the odds of Biden’s capital gains tax proposal going through.
4:36 Jason provides tips on valuing your company, finding buyers, and selling your business.
5:40 Donna asks Jason how long the process typically takes to find a buyer and sell the business.
7:06 Jason discusses the telltale signs you should get off the sidelines and sell your business.
8:16 Jason explains why every size business should consider selling. There are buyers out there for any business that has earnings, a balance sheet, and something of value to sell.
9:33 Donna thanks Jason for chatting with business.com.
Signs of a pandemic recovery are emerging and investors are flush with cash. One way they are chasing growth is by purchasing small businesses. If you are a business owner considering cashing out, now may be a good time to make a move. In this video, business.com Senior Finance Writer Donna Fuscaldo interviews Jason Katz, wealth advisor at Bartlett Wealth Management. Katz explains how valuations are rising for small business owners as investors seek growth. Jason also explains how an increase in the capital gains tax would impact the sale of a small business. He also provides small business owners with tips if they are ready to sell their businesses.
Donna Fuscaldo is a Senior Finance Writer for business.com.
For tips on selling your business, visit https://www.business.com/articles/tip...
For more on capital gains taxes, visit https://www.business.com/articles/sma...
For more on business taxes, visit • Employee Retention Tax Credit
For more on small business loans, visit https://www.business.com/categories/s...
For more tips to starting and running a business, visit https://www.business.com/
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