CONDITIONS FAVORABLE: Consider Selling Your Business Now
The time is ripe to sell your business. In the past couple of decades business owners wanting to sell their business faced high interest rates, high taxes, and at times, tough economic conditions. Today, three major factors exist to provide you with a substantial value for your business.
The three factors are the tax rules, interest rates and the economic environment. The current favorable tax structure allows you to sell your business for a lower price and carry away the same amount of money you would have, had you sold in another year at a lower price. Interest rates provide a similar relief. When interest rates are down, buyers can afford to finance more. Last, but not least, the economy is in an upswing. When the economy is in an upswing, business values rise concurrently. When all three factors are together, they provide for an optimal environment to sell a business.