Selling a firm is new ground for many business owners that is why hiring a Business Broker to navigate the steps is so important.. The procedure may be intimidating and stressful. You may use the steps below to help you create a checklist to simplify and clarify what you need to do to guarantee the successful sale of your firm.
Discuss with your attorney whether you are selling a company entity or just its assets. Buyers often seek assets since the obligations of the firm do not transfer. As a result, sellers must be mindful of any potential liabilities, particularly those that may not be discovered for some time (e.g. future lawsuits or government audits for past business practices).
Documents for Business
Tax Returns Documents
Asset Transfers and Financial Documents
Notifications from the Government
Telecommunications; Internet and Website Administration
Communicate with Employees
The final purchase price after all modifications and credits have been calculated.