Greenville – Definition of Goodwill

Definition of ‘Goodwill’ An account that can be found in the assets portion of a company’s balance sheet. Goodwill can often arise when one company is purchased by another company. In an acquisition, the amount paid for the company over book value usually accounts for the target firm’s intangible assets.  Goodwill represent the name/reputation of [...]

Ask a Pro! Selling or Buying a Business South Carolina

After almost 20 years of helping sellers and buyers of small businesses in South Carolina, I’d like to share some tips. #1  - When purchasing a business it is advisable to buy the real estate if available. a.)  Lenders like to see real estate as part of the deal b.)  Real Estate is a source [...]

For Sale – Bakery with outstanding reputation. Great Buy!

Bakery business for sale – Owner financing available

Business for Sale SC – Pre-Tax vs. Post-Tax

“The majority of the smaller businesses, tend to be either proprietorships, partnerships, “S” corporations or LLCs, each of which find the owners taxed as individuals.”

Business for Sale Anderson South Carolina – Accountant’s Financial Statements

“The owner of the closely held company’s financial statements are usually prepared with the primary – almost singular – goal of tax minimization.”

Business for Sale SC – Balance Sheet

“It is a snapshot in time of the financial condition of a business’”

Business for Sale Greenville SC – Definition of Income Statement

“Typically, when valuing a business three years of Income Statements and companion Balance sheets, along with tax returns that coincide with the Income Statements are reviewed in the business analysis.”

Business For Sale Greenville SC – Definition of Earnings

“Earnings typically refer to after-tax net income”

Business for Sale South Carolina – Definitions of EBT, EBIT, EBDT & EBITDA

“These are non-GAAP measures that allows a greater amount of discretion as to what is and is not included in the calculation. It’s key that investors also focus on other performance measures to make sure the company is not trying to hide something with any re-casting of financial data.”

Business For Sale Greenville SC – Definition of Earnings

“Gross revenues less expenses applicable to the business”

LeMans, Inc. 205 Chessington Lane Simpsonville, South Carolina 29681 864-962-9935 Office 864-551-2410 fax