Reporting Cash Transactions 
To report cash or to not report cash
When buying a business or selling a business there are many things buyers and sellers have to consider. One of those things is the cash involved in a business. In business brokerage, when a seller of a business states there is a lot of cash involved in a business, many times it means that there is unreported income.
As a business broker, I do come across businesses that have unreported cash income and it can be difficult to get the maximum asking price without the true income figures.
Not Reporting Cash
Not reporting cash may not seem like a big deal at first, but if the unexpected occurs and you need to sell your business quickly; the business will be valued far less because of the unreported income. This will also make selling your business difficult and will increase the likelihood of finding the right buyer for your business.
Myth:
Business owners believe that they can sell their business for the maximum value with unreported income.
The Truth:
To get the maximum value for your business, you must report all incomes, no matter how small the transaction. Business buyers will rarely risk buying a business based on the word of the seller.
Remember, to maximize your selling price, always report all your cash and non-cash transactions. Always keep your books up to date and never fall behind on record keeping, as it will make it more difficult to catch up.
Our Location
Crowne Atlantic Properties, LLC
620 N. Wymore Road, Suite 260
Maitland, FL 32751
Office 407-478-4101
Fax 407-478-4099
For a map of our location please click here.
Contact Archie Ossin 
(407) 808-4287
Contact Jackie Ossin
(407) 616-5454
Contact Lee Ossin
(407) 375-9655
