• The Balance Sheet shows a snapshot of your company at one point in time.

• BS accounts never start over. They have a life just as long as the company itself.

• A negative Retained Earnings doesn't always indicate a bad biz.

• Sample BS provided.

• 60% or more of all business sales involve at least some seller financing

• An installment sale can be good for both sides of the deal

• Beware if your business is equipment heavy

Add-backs and their implications can have a huge impact on your business
Add-backs can go both ways, increasing or decreasing value
Doubt=Risk=Lower Valuation
IRS hates hobbies

Step 1 Calculate your business value.
5 years of tax returns
Calculate weighted average of EBITDA
Multiply by 2 and 4

Only 20% of all businesses end up selling.

72% of business owners don’t have an exit plan of any kind

Calculate your business value.

ROB(s) Your 401K to Buy or Build a Business and Get Away with It!

-Use your 401k to buy a business

-It's NOT an all or none decision

-Another option is the Self Directed IRA

ROB(s) Your 401K to Buy or Build a Business and Get Away with It!

C Corporations only

You may or may not be able to keep your old job
No hands-off ownership allowed

ROB(s) Your 401K to Buy or Build a Business and Get Away with It!

Roll Over Business Startup (ROBS)
The Fairy Tale and the Nightmare
And how to have a happy ending