Business Sale

July 17, 2019

How to Make Your Business Sale-Ready?

Thinking of selling your business someday? Planning on leaving your empire to the kids with a chunk of cash attached? Dreaming of retiring to the sunny beaches of a Caribbean island? Perhaps you’re planning on doing any (or all) of these things from the sale of your business. And, OK, maybe we’re dreaming a little. But, still, selling your business can be a smart decision. Good reasons to sell include: the market telling you it’s the right time; you’re no longer interested; you have dysfunctional relationships with your fellow business owners; or you’re just plain ready to retire. So, even if you’re establishing a new business but have visions of someday selling it, there are several things to consider. Some business plans — especially […]
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 […]