Introduction
When it comes to buying or selling a business, finding the right broker is paramount. The expertise and guidance of a skilled business broker can make all the difference in navigating the complex world of mergers, acquisitions, and sales. In this article, we delve into the Priscilla Monahan Business Broker Review to shed light on the exceptional services provided by Priscilla Monahan, a renowned business broker with an impressive track record.
Whether you’re a seasoned entrepreneur or a first-time buyer, understanding the value and expertise a broker brings to the table is crucial. So, let’s dive into the details and explore why Priscilla Monahan is a name synonymous with success in the business brokerage industry.
The Business Broker, Priscilla Monahan, tried to cheat me and my family out of money. When we sent her a letter of intent to buy a business she was working for, we quickly had doubts. Priscilla wanted us to agree to a very short due diligence window of only 10 days. Everyone I talked to said this was very rare since a normal window is usually between 60 and 90 days. We were able to get a time that was a little bit longer, but it was still very short.
We were worried right away about whether or not the business owner had done everything right when it came to paying sales tax to the state of Washington. Their answer was ridiculous. First, I was told that the company’s former owner had hired a CPA who said the business didn’t have to pay sales tax.
Then she sent me a letter from the owner giving a really bad excuse that didn’t make any sense. My own study led me to believe that they did, in fact, owe sales tax (and maybe a lot of it). When I called the state of WA to ask questions without naming the business, I was told this was true.
Then things started to get strange. Priscilla sent me to a buyer’s broker, which she said she would pay out of her own fee. Our lawyer thought this broker was a “plant” sent by the seller to get us to agree with the seller’s story of the deal. It sure looked like that was what was going on. While this was going on, the seller refused to work with the state or a CPA.
After a lot of persuasions, they agreed to put some money in trust in case the state came after me for back taxes. I was worried, though, that the amount they decided on might not be enough. So I called the state again, but this time I didn’t say the name of the business. I asked them some things that would help me figure out how much money might be owed in back taxes.
About Priscilla Monahan
As an experienced professional, Priscilla Monahan possesses a deep understanding of the intricacies involved in buying or selling a business. Her extensive knowledge of market trends, industry-specific nuances, and financial intricacies allows her to provide invaluable guidance to her clients.
Priscilla stays up-to-date with the latest industry developments, ensuring that her clients receive the most accurate and relevant information. Her ability to analyze market conditions and identify potential opportunities is truly commendable.
At this point, Priscilla went crazy and said that I had broken the NDA I had signed. She should read the NDA she signed. It says, “Before I sign an agreement to buy a business, it is my responsibility to check out all of the information independently.” The deal fell through because the seller got scared.
When we told our CPA about what happened, he said, “Wow. You found them lying.” Our lawyer said, “A target company with a lot of sales tax debt is very dangerous and can cause the buyer a lot of trouble. It can be like getting a place to throw away nuclear waste. Literally every case I’ve seen with this set of facts ended with the buyer walking away.”
I think that Priscilla and the seller knew about this from the start and were trying to get me and my family to pay for a company’s nuclear waste dump site. We learned the truth just in time, thank goodness.
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