Selling Your Business – good decision, good outcome!
Selling your business can be a very complicated process, especially if there are shareholders. It is very important to make sure all aspects of the sale are considered and dealt with. The sale may occur because the owner(s) have decided to move on to other things or may be because the business needs funding and is willing to give up ownership for that, or maybe a key person has passed away suddenly and all assets need to be sold. Whatever the cause, the process needs to proceed cautiously to ensure the best outcome. I have helped many businesses go through this process.
- Finding a buyer
- Business valuation
- Financial report analysis
- Purchase and sale agreement (Buy/Sell Agreement)
- Asset purchase
- Stock purchase
- Tax considerations