The Role of the Letter of Intent By Don Beezley At some point in every deal, an offer will be made and accepted. The initial offer will typically come in one of two forms: An Indication of Interest (“IOI”) or Letter of Intent (“LOI”). The Indication of Interest can be very simple and informal. […]
There are three main approaches that are used to evaluate the value of a business. These common methods for determining value include the Market Approach, Asset Approach, and Income Approach. These varying strategies are harnessed for business valuation, including stock prices, to help business owners make decisions related to buying, selling, and merging businesses. Whether […]
Currently, banks are in the early stages of accepting & preparing to accept PPP Loan Forgiveness applications. Bank of America sent emails recently saying that the Forgiveness Application is now available. America’s biggest bank, Chase, hasn’t begun yet with their website saying they are working continuously to “prepare to accept your Forgiveness requests.” Banks opening […]
Deferring capital gains taxes and then reinvesting while paying less in taxes? Sounds crazy, but it’s legit. It all comes down to the Qualified Opportunity Zone Program aka the QOZ Program, which was created by the Tax Cuts and Jobs Act of 2017 and is becoming a very popular option for many. Here is why: […]
The loan forgiveness aspect of the Paycheck Protection Program (PPP) is definitely the silver lining for business owners in 2020 and across the entire Covid Pandemic. Navigating the ins and outs of the PPP can be tricky, so it is good to stay informed and forewarned to ensure that forgiveness is met in full so […]