How to Sell a Business

You’ve been in business for many years and have built an organization which provides you with a steady stream of income. It may be time to sell your company. The decision to sell your business is an important one you shouldn’t make lightly.

To ensure you get the most value from your company, it’s vital to have a team of advisers with experience in merger and acquisitions, including legal, tax and financial experts. These professionals must also be knowledgeable of your industry, as the more niche they are, the more able they will be to assist you in the selling process.

The first step is to determine the value of your company is by obtaining an expert valuation. A business broker or M&A firm usually does this. This will give you a clear understanding of the worth of your company so that you can establish your expectations accordingly.

Once you’ve established the value your business is worth, you can start planning for the sale. This includes addressing employee issues, worries about intellectual property, and potential legal questions. It is also possible to look into a seller financing option. This allows you to stay active in the business following the sale, in a role like consultant or advisor as well as an effective way to ensure that your legacy lives on with your business. This can also increase the value of your business as a buyer will likely be more willing to invest in you if they can be sure of continuous success for the business.

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