Building a business is one of the most challenging yet rewarding experiences to be a part of. Having been through the journey ourselves, we understand that it is a learning process where business owners continuously sharpen their skills in growing their customer base, developing relationships with suppliers and nurturing their team of loyal employees.
But when you are ready to sell your business and begin the next chapter, it is important to understand the moving parts that will impact a successful sale. Preparing an exit strategy early on in your business lifecycle is essential to achieve the best possible price for your business. This includes preparing the necessary financial and legal documents for your buyer.
LegalVision has helped hundreds of clients with buying and selling their business, and we understand that the sale process can be daunting and unfamiliar. We have designed this manual to guide business owners through this complex process. It breaks down the sale process and offers practical information for business owners progressing through each stage.
Table of Contents
|Introduction||About this Guide|
|1||When to Sell Your Business|
|2||Preparing for Sale|
|3||Valuing Your Business|
|4||Finding a Buyer|
|6||The Sale Contract|
|7||Settlement and Completion|
You may be unsure whether selling your business is the right choice. You may also not know when the best time to sell might be and how to best position your business for sale. If you have any questions before you continue reading, you can contact LegalVision’s sale of business lawyers by calling 1300 544 755 or filling out the form on this page. When you’re ready, start by finding out ‘When to Sell Your Business’ to find out about the first step.
This chapter was an extract from LegalVision’s Sell Your Business Manual. Download the free 36-page manual featuring the sale process, preparation checklists, and your cheatsheet for negotiating terms.
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