Why You Need Us
Small business owners, 95% of the time, intentionally do not
keep accurate records. This is to prevent the IRS and
prospective business buyers from seeing the true condition
of the company. These fibs or lies are to either understate
income or profit for the IRS, or to overstate the income or
profit for a business buyer. Most accountants in order to
render an opinion about a business need to have accurate
numbers to work with. It takes a business private
investigator to determine what the accurate numbers are so
that a buyer or his accountant can do a proper evaluation as
to the viability of the business. We do that.
When a buyer requests tax returns from a seller, it is to determine what the true income of the business is. Unfortunately the tax returns, for almost all small businesses, do not give anything close to a true picture. It is necessary to do what is called a forensic audit. This is where you dig into the business, not just the accounting records to determine the true condition of the company. This is what we do for the business buyer.
When talking to a room full of business brokers, I made a statement that 70% of all sellers fib. The room in unison told me that I was wrong, and it is 100%. It is suicide to buy a business of any size without knowing the true financial picture of a business. We help you get a true picture of any business and we do it before you close escrow.
Every seller has a reason for selling. It is rarely the reason that the sellers say it is. It is vital to understand why a seller really wants out of his business because whatever the reason, the buyer inherits it. You want to know why he wants out before you step in. It is our job to find out why a seller wants out and we also figure out how to correct the problem the seller hasn't been able to or is unwilling to fix.
It is suicide to buy a business based on the information only provided by the seller. He has a vested interest in exaggerating information so that the buyer will get excited about the business the seller wants to get out of. The two parties are at odds with each other, and a buyer has to really understand this or he gets taken to the cleaners. Our job is to present the buyer a true picture of the business and assess it's true worth.
For more information about this service, Click Here! or call us on 800-864-0420 or email us at quote@businessbuyingservices.com
When a buyer requests tax returns from a seller, it is to determine what the true income of the business is. Unfortunately the tax returns, for almost all small businesses, do not give anything close to a true picture. It is necessary to do what is called a forensic audit. This is where you dig into the business, not just the accounting records to determine the true condition of the company. This is what we do for the business buyer.
When talking to a room full of business brokers, I made a statement that 70% of all sellers fib. The room in unison told me that I was wrong, and it is 100%. It is suicide to buy a business of any size without knowing the true financial picture of a business. We help you get a true picture of any business and we do it before you close escrow.
Every seller has a reason for selling. It is rarely the reason that the sellers say it is. It is vital to understand why a seller really wants out of his business because whatever the reason, the buyer inherits it. You want to know why he wants out before you step in. It is our job to find out why a seller wants out and we also figure out how to correct the problem the seller hasn't been able to or is unwilling to fix.
It is suicide to buy a business based on the information only provided by the seller. He has a vested interest in exaggerating information so that the buyer will get excited about the business the seller wants to get out of. The two parties are at odds with each other, and a buyer has to really understand this or he gets taken to the cleaners. Our job is to present the buyer a true picture of the business and assess it's true worth.
For more information about this service, Click Here! or call us on 800-864-0420 or email us at quote@businessbuyingservices.com
