tumblr_noq5g99tC21qfirfao1_1280You’ve made the tough decision: you are selling the business.

Now comes the hard part: how?

  1. Get your business ready
    From the moment you decide to sell your business, achieving the highest value for your business possible is your primary mission. Your preparation, before you try to sell your business, can go a long way toward supporting the value you hope to achieve. Any interested buyer is going to do significant “due diligence” (investigative research) on your business. What will they find? A prepared seller who has their corporate documents and company agreements organized and in place often fares much better than a disorganized seller who cannot find critical contracts or corporation’s stock table.
  1. Assemble Your Team
    Depending upon the size of the transaction your team might range from as small as you and your accountant and attorney to a large team of advisors, investment bankers and management. A successful sale requires having the right players on the field implementing your plan.
  1. Identify the Potential Buyers
    The best source for names of potential buyers is often the current owner. Who has expressed an interest? Who might be interested for strategic reasons? The next best source is a qualified investment banker with a great network and a plan.

Selling your business can be a long, challenging experience. You can make it to the finish line (and the closing dinner celebration) with a plan.


Our Disclaimer.  As a law firm, we have to be careful that we do not inadvertently create an attorney-client relationship. So, to be clear, the information provided in this checklist is not intended to and does not constitute legal advice, recommendations, or legal counseling. This information is for your general review and consideration. Your visit to our website or your use of this checklist does not create an attorney-client relationship. We do not guarantee or warrant the completeness, accurateness or usefulness of this checklist.  You use the information in this checklist at your own risk. You should not rely upon the information without seeking the advice of a competent attorney licensed in your jurisdiction.

Using Our Documents.  The documents, like this checklist, that we make available on our website are provided on a non-exclusive license basis. In other words, they are intended for your personal use – not for commercial purposes. You do not have the right to re-license, subsidence, distribute, assign or transfer such limited license. We make no representations about the documents we provide regarding their suitability, legal effect, completeness, accuracy, appropriateness or reflectiveness of current law or business practices. The documents are provided “AS IS” and we expressly disclaim any other warranties actually made or implied. The documents may not work for your purposes or for your particular circumstances. You should consult your own attorney, as the documents we provide are only samples.
Contact Us.  If you would like to discuss the information in this checklist, please contact us at (540)443-9272 or jeff@mitchell-firm.com.

Print This Post Print This Post