Initial Issues in Selling Out
Before you actually begin the process of selling your business, there are a number of issues you should consider:
- Defining your priorities: what aspects of the sale are the most important to you?
- Timing your decision: what's the best time to sell your business, and how long will it take?
- Choosing professionals: what kind of professional help will you need, and how will you find it?
- Legal/ethical considerations: does your position as a partner, shareholder, officer, or director of the business affect your ability to sell out? How careful must you be in describing your business and disclosing problems to potential purchasers?
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Disclaimer: The material on this site is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Full Disclaimer |
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