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This is because personal expenses can be mischaracterized as business expenses, which can lead to inaccurate financialstatements and ultimately lead to a bad deal. Personal expenses are those that are not related to the business, such as vacations, entertainment, and other non-business related activities.
We created this guide to help you understand how sellers can achieve the highest possible valuations, entertain the lowest possible levels of risk, and ensure their business succeeds for years to come. A comprehensive review of financialstatements going back at least 36 months is needed. The structure is also important.
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