Why Clean Financials Matter When Selling Your Business
When a buyer evaluates a business, one of the first questions is straightforward: How much money does the business actually make? Answering that question accurately can be more complicated than it sounds, particularly for privately held companies where the owner’s personal and business finances may have become intertwined over the years. Some owners minimize reported income to reduce their current tax burden, while others run personal expenses through the business or use other legitimate tax deductions that make the company’s financial statements look less profitable than the underlying operation may be. While these practices can have perfectly legitimate explanations,...













