The Process Of Selling A Business
Whether your business sale goes well depends on factors such as the skills of your business lawyer, reason for the sale, the timing of the sale and the strength of the business's operation. Here is how you can build a solid plan to finally sell your business.
- Prepare for the sale as early as possible, preferably a year or two ahead of time. The preparation will help you to improve your financial records, business structure and customer base to make the business more profitable.
- Determine the worth of your business to make sure you don't price it too high or too low. Locate a business appraiser to get a valuation.
- Have all your documents ready. Gather your financial statements and tax returns dating back three to four years and review them with an accountant.