2/26/07

MBBI on selling a business and buying a business


The Midwest Business Brokers and Intermediaries (MBBI), is hosting two workshops in Illinois:

How is the Business Selling Price Calculated?
Tuesday, March 6, 2007, 8:00 AM
Breakfast Meeting
Location: Fountain Blue Conference Center
Address: 2300 S. Mannheim Rd. Des Plaines, IL 60018
Cost: Non Member Price: $35, Member Price: $20

Presented by Greg Lafin of Gregory Financial Group LLC and Ed Morris of Grant Thornton LLP. A discussion of the cash versus accrual method of accounting and how it applies to the sales price of a business.

We will also have a discussion about normalized cash flow and how a seller can make changes to the accounting numbers in order to change the price. A few examples will be presented. Networking starts at 8:00 a.m. and the meeting will kick off with introductions at 8:30 a.m. Whether you are a buyer, seller, broker or anyone involved with the sale of a business, you will not want to miss the first MBBI breakfast meeting of the year.

Buyer Orientation Meeting
Wednesday, March 14, 2007, 8:30 AM
Location: Ground Floor Conference Room
Address: 1301 W. 22nd St., Oak Brook, IL 60523
Ground Floor Conference Room
Cost: none

MBBI is offering an orientation for MBBI members who are planning to buy a business. The meeting will welcome prospective business buyers to MBBI and help them to locate the MBBI resources that will be of use to them.

The meeting is not a forum for individual professionals to present their services, however all MBBI members are welcome to attend for the purpose of networking with the new members.

For more information contact: Michael Liss, 630-571-5626, mliss@iBusinessLaw.org or Kevin Murdock, 312-635-6000, kevin.murdock@legacy-nerwork.com

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