HCS Week 51

Page 1

Established in 1929

Health City Sun

50¢

The

www.healthcitysun.com

December 21, 2018

New Mexico’s Legal & Financial Weekly

Vol. 8.89 No. 51

FORECLOSURE SALES: 2 PROBATE: 27 AUCTIONS: 1 NOTICE OF SUITS: 2 OTHER: 41 SPANISH NOTICES: 0

How to Succeed in Selling Your Business

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s a larger proportion of the American population reaches retirement age, the issues of wealth transfer and asset management become even more prominent.

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“The largest transfer of wealth in history is now underway, and it is in the form of established operating businesses owned by Baby Boomers,” according to a white paper by C2C Business Strategies, LLC, a business management and consulting organization specializing in business transitions. Baby boomers and their transition advisors will face several challenges over the next several decades. Some tips to make the most of the transition include:

Prepaid copy provided by: Prime Time Publishing llc. 2018 As in the case of a real estate agent negotiating a home sale, a business advisor will find the right buyer for a business and will work with the buyer and seller until the transaction is complete.

- Prep work: Many baby boomer business owners have given little or Tips for business owners to help ensure a smooth sale include: no thought to the transition process, and they may find themselves unable to sell the business when they want to. Most financial consultants - Good housekeeping: Make sure all financial information is current recommend a lead time of three to five years to prepare a business. and in order. Time is essential once a business-sale transaction is unMeanwhile, as more baby boomers seek retirement, the surplus of derway, so don’t slow down the process by scrambling for informabusinesses available for sale may reduce business values. tion. - True value: Survey findings of business owners suggest that many - Flexible financing: Data show that sellers who accept financing overestimate the value of a business because they are basing estiterms receive, on average, 86 percent of their asking price, compared mates on projections or future orders rather than the current cash the with 70 percent for those who will only accept cash. An advisor can business is generating. help sellers evaluate financing terms to maximize sale prices. - Good advice: Baby boomers looking to sell their business can benFor more information about transitioning out of a business, visit efit from a skilled transition advisor to guide and direct the process. rysgp.com. Advisors can help business owners decide on a realistic price and determine a sale structure that works for both buyers and sellers. -(NewsUSA)

Holiday Gift Ideas For The Hardest-Working People On Your List

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hen shopping for the doers and makers on your list this season, don’t forget the DIYers, outdoorsmen, and other hardworking people who will appreciate rugged workwear. Winter Essentials In preparation for the coldest months of the year, Carhartt’s Quick Duck Sawtooth Parka with 3M Thinsulate insulation or the Yukon Extremes Bib Overall with an Arctic quilt lining will be sure to keep you warm in frigid temperatures. When shopping for women, the Clarksburg Sherpa-Lined Hoodie is an excellent layering option during the chilly months. Gifts for The Outdoorsman The new Field Coat from Carhartt is a two-layer jacket with roots on the shooting grounds. It’s made of 12-ounce duck fabric with quilted inner lining that can be removed on warmer days. Many of Carhartt’s hunting-style clothing feature Mossy Oak’s Break-Up Country and Mountain Country patterns, including the Buckfield Camo Jacket and

Buckfield Camo Pant, among others. Gifts for The DIYer For women who enjoy crafting and working on home projects, the Clarksburg Pullover Sweatshirt, Women’s Workwear Pocket T-Shirt, and Crawford Double-Front Bib Overall each offer superior durability and are carefully engineered to fit a woman’s body. Stocking Stuffers Among the complete selection of stocking stuffers from Carhartt is the popular Acrylic Watch Hat, available in 13 colors, the classic Workwear Pocket T-Shirt, and the all-new Carhartt Knee Pads. Learn More To shop these great gifts and to browse Carhartt’s complete selection for the holidays, go to www.carhartt.com. -(NAPSI)


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