In 2018 Federal Tax Law changes impacted your choice of company organization. Probably one of the most important steps you are confronted with is what legal form of ownership you  should have for your new business, in other words be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business. Accounting professionals have different views on this but we say to you to first take a look at the competitors and the industry that you are buying the business to see what type of company formation many of them undertake.

What determines what your business is worth? Valuing a business is often times very challenging - It's a difficult part of the process of selling or buying a business. You shouldn't try to do this on your own but rather consult with a Business Broker or CPA. You want to tap into their expertise.