8 Essential Steps to Buying a Business:

1-Develop and implement an acquisition strategy.

2-Identify suitable targets

3-Begin discussion with potential targets

4-Valuation of business

5-Conduct due diligence

6-Secure financing

7-Negotiate, structure and close the deal

Plethora is experienced in facilitating the transaction from beginning to closing and will help both buyer and seller avoid costly mistakes.

 


 

News Releases

SBA Increases Small Business Size Standards to Account for Inflation

WASHINGTON-The U.S. Small Business Administration has increased its small business size standards to account for inflation, restoring small business eligibility to those firms that may have lost their small business status because of inflation since February 2002.

SBA has adjusted its dollar-based small business size standards, which are based on receipts, net worth and financial assets, to reflect information that has occurred since February 2002, when SBA last adjusted them for the same reason. Since the February 2002 inflation adjustment, prices have generally increased 8.7%. SBA increased the familiar "anchor" size standards from $6.0 million to $6.5 million. Size standards that are higher than $6 million also reflect similar percentage increases...

To view the whole article go to http://www.sba.gov/news/dec05.html