What Should Be in Your Partnership Agreement
Partnership agreements are essential business documents, the importance of which is difficult to overstate. No matter whether your business partner is essentially a stranger or a lifelong friend, it is prudent to have a written partnership agreement. A good partnership agreement clearly outlines all rights and responsibilities and serves as an essential tool for dealing with fights,...Read More
Sell Your Business and Start Your Retirement
When the day comes to sell your business, it is important that prospective buyers understand why you have made this decision. Having a valid reason why it is time for you to sell can make your business more attractive to prospective buyers. After all, it is only natural that you will have to retire at some point even if the business is thriving. In fact, it is safe to state that buying a...Read More
Can I Buy a Business With No Collateral?
By Troy Frank, Owner — Indiana Equity Brokers Estimated read time: 7 min The short answer: Yes, it is possible to buy a business with little or no collateral of your own. The two main paths are SBA 7(a) loans, which require as little as 10% down for a business acquisition (and that 10% doesn’t have to be entirely your own cash), and seller financing, where the current owner carries...Read More
Should You Become a Business Owner?
While being a business owner may in the end not be for everyone, there is no denying the great rewards that come to business owners. So should you buy a business of your own? Let’s take a moment and outline the diverse benefits of owning a business and help you decide whether or not this path is right for you. Do You Want More Control? A key reason that so many business savvy people...Read More
