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#business-exit

Business Exit

Exit strategies and planning for business owners preparing to sell, retire, or transition

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Closing a Business in the Philippines Under RMC No. 47-2026: The 3-Day BIR Tax Clearance Guide

Under BIR Revenue Memorandum Circular No. 47-2026, issued May 19, 2026, Philippine micro taxpayers with gross sales of 3 million pesos or less can close their registration without a mandatory audit and receive a tax clearance within three working days, and non-filing penalties stop accruing once a complete BIR Form 1905 packet is submitted. This guide lists the exact documents, the manual and electronic filing channels, the five-step closure sequence, and the mistakes that still delay an exit.

mike

business-closuretax-compliancesmall-business

IRMAA for Business Owners: The Two-Year Lookback, the 2026 Medicare Brackets, and the SSA-44 Appeal

Medicare's IRMAA surcharge sets your 2026 Part B and Part D premiums from your 2024 tax return, and crossing a bracket by one dollar triggers the full tier — up to roughly $14,000 a year above standard premiums for a couple. Here is how business sales, Roth conversions and RMDs trigger it, the 2026 thresholds, and how to file Form SSA-44 after retirement or another qualifying life-changing event.

mike

tax-planningretirement-planninghealthcare

The Small-Business Retirement Wave: How to Build an Exit Buyers Will Actually Pay For

A March 2026 survey of about 1,000 U.S. small business owners found 40% expect to retire within a decade while 70% have no formal succession plan. Buyers price a small business on seller's discretionary earnings times a 2x–4x multiple, discounted for owner dependency, customer concentration and unreliable books. This guide lays out a six-part, three-to-five-year plan — two target numbers, three years of clean financials, operational replaceability, risk de-concentration, a deliberate exit path (third-party sale, family succession, management buyout or ESOP), and a reverse-built timeline with a CPA and attorney — plus the three mistakes that shrink exits.

mike

succession-planningbusiness-exitbusiness-valuation

Assignment for the Benefit of Creditors: The Faster, Quieter State-Law Alternative to Chapter 7

An assignment for the benefit of creditors (ABC) lets an insolvent business liquidate under state law in months rather than a year, with an assignee the owner chooses instead of a court-appointed trustee — but it carries no automatic stay and no debt discharge. Here is how the five-step process works, how it compares to Chapter 7, and the bookkeeping that keeps a wind-down orderly.

mike

business-closurebusiness-exitsmall-business

Selling Your Vet or Dental Practice to Private Equity? Your State May Now Get a Vote — and Your Books Will Get an Audit

Veterinary and dental practice owners weighing a private-equity sale in 2026 face new state transaction-review rules in New York and California, MSO/PC deal structures that regulators now read closely, and diligence that reprices adjusted EBITDA add-back by add-back. This guide covers the disclosure obligations, how cash, rollover, earnout and work-back slice the headline multiple, and the bookkeeping cleanup that protects your price.

mike

healthcarebusiness-exitbusiness-valuation

The Succession Planning Perception Gap: Why 65% of Small Business Owners Have No Exit Plan — and How to Build One Buyers Will Trust

40% of small business owners plan to retire within 10 years but 70% have no formal succession plan and only 8% are fully prepared; Revenued finds 59% of successors assume a plan exists while only 35% of owners have one — this guide explains the 24-point gap, valuation methods, clean-book QofE prep, and a 12-month exit plan to make your business lending-ready.

mike

small-businesssuccession-planningbusiness-exit

The Silver Tsunami Is Here: How to Buy or Sell a Business in the $5 Trillion Great Ownership Transfer

About 6 million U.S. small and mid-sized businesses will change hands by 2035 as baby boomer owners retire, and McKinsey estimates more than 1 million of those are sellable, representing up to $5 trillion in enterprise value — yet only about 35% of owners have a succession plan. This guide covers the three-year seller timeline, how valuation multiples of 2x to 4x SDE are earned, SBA 7(a) and seller-financing structures for buyers, due diligence, and the bookkeeping habits that separate a sellable business from one that quietly closes.

mike

succession-planningbusiness-exitbusiness-valuation

How Small Businesses Are Actually Priced in 2026: SDE Multiples, Explained Before You List or Buy

Main street businesses are priced as Seller's Discretionary Earnings times a multiple — an all-sector average of 2.57x, ranging from 1.39x for dollar stores to 4.99x for car washes. Here is how SDE is calculated, which add-backs survive buyer diligence, why the multiple ladder moves, and how 2026 SBA lending rules reshape deal structure.

mike

business-valuationbuying-a-businessbusiness-exit

Donor-Advised Funds for Small Business Owners: Timing Charitable Giving Under the 2026 Rules

Starting in 2026, itemized charitable deductions only count above a 0.5%-of-AGI floor, while the new non-itemizer deduction excludes donor-advised funds. This guide shows small business owners how to respond — bunching several years of giving into one high-income year, donating appreciated stock to avoid capital gains, and using the 60%/30% AGI limits and five-year carryforward around a business sale.

mike

charitable-givingtax-planningtax-deductions
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