Pitfalls Around Earnouts (and Why They Rarely Payout)

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By George Deeb Takeaway: “The devil is in the detail, in terms of how an earnout gets written.” What Is an Earnout? An earnout is a financing arrangement for the purchase of a business in which the seller finances a portion of the purchase price, and payment of this amount is contingent on achieving a predetermined level of future […]

SBA Announces Hawaii’s 2018 Top Small Business Winners

Photo of Jim Mayfield, President of Island Business Brokers, for Aug. 2017 Pacific Business News article,

SBA Announces Hawaii’s 2018 Top Small Business Winners The Hawaii District Office announced the selection of Reginald “Regi” Perry, managing member of Barbers Point Aviation Services, LLC, as the 2018 Small Business Person of the Year for the State of Hawaii.   Perry has been invited to represent the State of Hawaii at the celebration of […]

Tip For Maximizing Business Value

Cartoon graphic with a jeopardy panel titled "Business Value Jeopardy" with text "Name the three best line items in the income Statement to hide your Florida condo expenses!"

Tip #25 Burying excessive personal expenses in the business financials can lower business value! The most popular method of valuing a business uses a multiple of earnings over a period of years. Business owners should be aware of that while attempting to reduce the bottom line with personal expenses to minimize taxes. Though there are […]

Maximizing Your Business Value Before a Sale

Gary Miller of GEM Strategy Management, Inc.

Gary Miller GEM Strategy Management, Inc. | November 1, 2017 The process of selling a business has become more complex today. Buyers are more cautious and much more rigorous in their due diligence efforts due to the Great Recession. A big reason why a deal fails is that owners do not plan early enough to […]

Department of Taxation

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Visit their website to “file tax returns, make payments, view letters, manage your accounts, conduct other common transactions online ” and much more.