Child Care Business and Unreported Income

The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value: “If You Hide the Money Too Well, Nobody Will Be Able to Find It”

Child Care Business Operations, Child Care Business Valuation, Child Care Owner Exit Planning, Taxation

When I started my business brokerage career in 1995, it was common to find that the business owner was not reporting all business revenues. In addition, they were also running lots of personal expenses (cars, house payment, country club membership, personal food, etc.) through their business. This, of course, was done to lessen the federal…

Not Having a Childcare Business Exit Plan Can Be Costly

Business, Child Care Business Valuation, Child Care Owner Exit Planning, Childcare Exit Strategy, Sell a Center, Taxation

Do you have an Exit Plan for your childcare business? Is it a well-thought-out, written plan that outlines the process you will follow as your plan your eventual exit from your childcare business? Or is it more that you have some ongoing dialogue with yourself about how you need to get started on an Exit…

Recession Proofing Your Child Care Business: “Be Optimistic But Be Prepared”

Business, Child Care Business Operations, Child Care Owner Exit Planning, Child Care Stabilization Grants, Taxation

No child care business owner wants to consider or discuss the likelihood of a recession. However, good and bad economic times are part of normal economic cycles. Not counting the steep but very brief economic downturn during the COVID pandemic, the last recession in the U.S. was from December 2007 to June 2009 – often…

non profit child care

Operating a Child Care Business as a Non-Profit Organization Advantages and Disadvantages – And What Happens With a Transfer

Buy a Center, Child Care Business Operations, Child Care Centers for Sale, Sell a Center, Taxation

When starting a child care business, owners can select from different operating structures – sole proprietor, partnership, a for-profit corporation or non-profit corporation.  For simplicity, the various operating structures can be divided into two categories – for-profit and non-profit.  The majority of child care businesses operate as for-profit corporations. However, child care businesses – large…