family business Archives - Eastwind Business Solutions

What Should You Expect from Term Sheets?

By Tim Fawcett
on March 30, 2022

The term sheet is beneficial in a business sale as it can expedite the sales process and prevent serious misunderstandings. Find out more about this non-legally binding document and how it can work for you.

An Overview of Goodwill in Business Deals

By Tim Fawcett
on March 23, 2022

Goodwill is a long-term, intangible asset that generates value for a company over a number of years and affects a company’s purchase price. Learn more about what goodwill is and how it can affect your business sale.

A Must-Read Article on Having Children Take Over the Family Business

By Tim Fawcett
on March 15, 2022

Many businesses are multi-generation companies, with parents passing the baton on to their adult children. Find out what factors you should consider if you are contemplating keeping your business in the family.

Have You Uncovered the Skeletons in Your Closet?

By Tim Fawcett
on November 10, 2020

No experienced buyer purchases a company without first learning everything there is to know about it. Be sure to uncover the skeletons in your closet, or your buyer will. Read more to find out how.

Four Common Mistakes Sellers Make

By Tim Fawcett
on October 26, 2020

Understanding and avoiding common seller pitfalls can help you instill confidence in potential buyers and make selling your business less complicated.