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Are you about to place your business for sale in the
 marketplace or are you at the time in your life when you
wish to sell your company and reap the fruit of your labor?
Selling your business is a huge decision and milestone, and
  a step that signifies that you have achieved all the goals
 you set for yourself with this particular business. After all
  the years of work and sacrifice, it would be insulting to
accept far less than fair market value of your organization.
In order to obtain the greatest value and most current fair
 market value for your company, follow these five critical
          steps to sell your business at top dollar.
1. Obtain a Business Valuation - Likely the most important
 step, obtain a business valuation from a professional and
experienced company. A valuation will help you asses the
  true value of your company and what you can expect in
     terms of the sale. This document is completed by
    professionals who offer a neutral and unemotional
perspective when valuing your business to help determine
                  actual value and worth.
2. Clean Up Your Books - Before placing your business on
the market, take the necessary time to ensure your books
    are all in order. If you maintain precise and accurate
      records, your success rate for a faster and more
  expeditious sale is much greater. Placing yourself in the
 shoes of the buyer, it is natural to understand that there
    would be more confidence in the transaction if the
             financial were accurate and in order.
3. Organize Your Legal Documents - Make sure that all
business legal paperwork is in order and is accurate. Such
  documents could include paperwork on the business
   entity, business permits and licenses, contracts with
 vendors and clients, as well as leases. Ensuring all your
   legal paperwork and documentation is in order will
  facilitate a faster and smoother sale of your business.
4. Establish a Succession Plan - Develop a comprehensive
   plan as to how the business will operate without your
  physical presence. Do you have a team of key players in
place to help the business succeed when you are no longer
  running the company? Establishing a succession plan is
essential and can be damaging to the potential sale if such
 a plan is not developed ahead of time. Such a plan must
  be put in writing and can even be temporary in nature.
 This documentation allows the business to run smoothly
    while offering the new owners time to acclimate to
               operating the new organization.
5. Leverage Your Advisors - Never sign on the dotted line
  without speaking to your team of financial and legal
  advisors. This will ensure the sale of your business is
  completed in a smooth and successful manner, while
          preventing legal issues in the future.
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5 Critical Steps To Sell Your Business At Top Dollar

  • 1. Are you about to place your business for sale in the marketplace or are you at the time in your life when you wish to sell your company and reap the fruit of your labor? Selling your business is a huge decision and milestone, and a step that signifies that you have achieved all the goals you set for yourself with this particular business. After all the years of work and sacrifice, it would be insulting to accept far less than fair market value of your organization.
  • 2. In order to obtain the greatest value and most current fair market value for your company, follow these five critical steps to sell your business at top dollar.
  • 3. 1. Obtain a Business Valuation - Likely the most important step, obtain a business valuation from a professional and experienced company. A valuation will help you asses the true value of your company and what you can expect in terms of the sale. This document is completed by professionals who offer a neutral and unemotional perspective when valuing your business to help determine actual value and worth.
  • 4. 2. Clean Up Your Books - Before placing your business on the market, take the necessary time to ensure your books are all in order. If you maintain precise and accurate records, your success rate for a faster and more expeditious sale is much greater. Placing yourself in the shoes of the buyer, it is natural to understand that there would be more confidence in the transaction if the financial were accurate and in order.
  • 5. 3. Organize Your Legal Documents - Make sure that all business legal paperwork is in order and is accurate. Such documents could include paperwork on the business entity, business permits and licenses, contracts with vendors and clients, as well as leases. Ensuring all your legal paperwork and documentation is in order will facilitate a faster and smoother sale of your business.
  • 6. 4. Establish a Succession Plan - Develop a comprehensive plan as to how the business will operate without your physical presence. Do you have a team of key players in place to help the business succeed when you are no longer running the company? Establishing a succession plan is essential and can be damaging to the potential sale if such a plan is not developed ahead of time. Such a plan must be put in writing and can even be temporary in nature. This documentation allows the business to run smoothly while offering the new owners time to acclimate to operating the new organization.
  • 7. 5. Leverage Your Advisors - Never sign on the dotted line without speaking to your team of financial and legal advisors. This will ensure the sale of your business is completed in a smooth and successful manner, while preventing legal issues in the future.