Clean Up Financial Statements

Most every privately owned business has some expenses that are business expense per the IRS, but are discretionary and would not likely have been incurred except that it benefited the owner personally. In some cases, it is more difficult for a buyer to justify adding back these expenses to the profits to determine the adjusted profits. If there are expenses like this in your business, clean them up in the two or three years before you want to sell to get the most for your company.

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