Business Selling Process

July 30, 2019

Turning Over Your Business? 5 Steps To Know

Whenever we start a business we hope to make it big, earn profits and expand a lot. But doing these are not easy. While we all expect the maximum return from our businesses turning over your business requires the implementation of some essential steps. So if you, like many are trying to know and understand the steps that will help you to turn over your business, this article will surely be of much help. Increasing your turn over Increasing your turn over is what all business men tries to do but to actually be successful in doing this requires some steps. Here are a few of them: Lowering costs Lowering costs of the company will inevitably result into higher turn […]
February 12, 2019

Due Diligence In Business Sale

Every business sale goes through a process of due diligence. This is when the potential buyer delves into the details of the business’ finances and operations to gain a greater understanding of the reality of the business. And, to reduce risks associated with the purchase. This can be a grueling process. Both parties must be prepared for the level of scrutiny involved. As a seller, the best way to prepare for the due diligence process is to make sure all the information you provide is accurate and complete. Avoid any manipulations or gamesmanship that skews the data. Misleading information will be uncovered during the due diligence process. This will only slow the negotiations and could lead to an antagonistic relationship […]
January 29, 2019

Structuring A Sale Of Your Business

Sellers beware! A poorly structured business deal can eat up half of the proceeds of a sale.  Professional assistance is essential when crafting the deal, which includes selecting the right sale agreement. Even after a general agreement is reached, determining the purchase price of your business isn’t as straightforward as it may seem. The purchase price can be allocated into various tangible assets and/or intangible assets and liabilities. All of these have tax implications for the seller and buyer. It’s important to select the appropriate type of agreement, especially if you want to maximize profits. The basic types of sale agreements are stock sales, mergers, and asset sales. Each type affects the sell-side and the buy-side of a deal. Stock sale In this agreement, the […]
October 3, 2018

Preparing your Private Business for Sale: 10 Tips To Help You Get Ready

As a private business owner, you know that every major decision requires careful thought and preparation. And what bigger decision is there than opting to sell your business? If you think a sale may be in your future, it’s not as simple as putting up a for-sale sign and inviting bids. There are lots of things you need to take into consideration, and many steps to prepare. Making strategic decisions will help you achieve the highest possible valuation for your company. Here are some points to consider when planning the eventual sale of your business: 1. Make yourself redundant You need to remember that you’re selling the company, not yourself. Prospective buyers will want to see a strong supporting management […]