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Archive for February, 2010

February 25, 2010 Businesses Appraised by CMEAs

A CMEA is a Certified Machinery & Equipment Appraisal. It can tell you the fair market value, liquidation value, salvage value, or replacement cost of the equipment and machinery used by your company or business. A CMEA prepared by a professional and licensed appraiser meets the requirements of financial institutions, government agencies, buyers, sellers, shareholders, [...]

February 23, 2010 SBA Starts Waiting List for Small Businesses Seeking Loan Breaks

On Friday, the Small Business Administration announced that it had just about run out of money for the small business loan incentives – 7(a) and loan fee reductions – enacted last year by the economic stimulus package, and that a waiting list will be established for those small businesses seeking credit should more money become [...]

February 18, 2010 Perception Versus Reality

News over plummeting home values has home owners – especially those in the Northeast – feeling a little more pessimistic than reality warrants, according to an article posted today on Banker & Tradesman. You can read the full article here. According to the article, a Zillow survey showed that just 20% of homeowners felt that [...]

February 16, 2010 Charitable Contributions

Just as an individual is allowed tax deductions for charitable donations, a business is afforded the same opportunity. A business’s charitable donations are a little different from an individual’s, though. A business can make three types of charitable contribution: services, cash, or property. If a company contributes its services to a charity, it is not [...]

February 11, 2010 Buying a Business? Make Sure to Do Your Homework

It may seem easier to purchase an established business than to start one from the ground up. While this may be true in some cases, there could be problems with an existing business that may not be clear upon first look. However, oftentimes purchasing a business can end up being just as costly and labor [...]

February 10, 2010 Five Myths of Business Valuations

SCORE, an informational organization that caters to small businesses, has a great article on its website about the myths of business valuations. The myths it lists are: Myth 1 – Valuing a private business should only be done when the business is ready to be sold or a lender requires a valuation as part of [...]

February 4, 2010 CMA vs. Appraisal

Because they’re so similar in nature, there’s often confusion between a comparative market analysis (CMA) and a real estate appraisal. It’s important to understand the distinction if you’re selling your home. A CMA is a report that is prepared by a real estate agent. After doing a walkthrough of the property, the agent will research [...]

February 2, 2010 Got a Startup? Get a Business Valuation

Most people generally only think about having the value of their business appraised at the time of a potential sale or acquisition. As we have talked about in previous blogs, there are numerous situations in which a business owner must think about getting a business valuation, including when selling a business, for estate planning purposes, [...]