Risk mitigation ultimately increases your value. This final profit-building factor is one that is often overlooked by both buyers and sellers. Audit risk can come in many forms: tax audits, regulatory compliance, and safety inspections, among others. We encourage you to create or revisit your documentation protocols and internal controls. In conjunction with your accountant, you should assess your business for tax audit risk liabilities and ensure all operations are fully compliant with industry regulations.
Please watch for our new book, Buy It Smart – Your First Pharmacy available on Amazon