Untitled Document

   Seller Log-In

  User Name


   Sign-up for FREE!

Not a member yet?
Signing up is quick and easy.



Top Tips when Selling a Business

When contemplating purchasing a business, you have some major issues to sort through.

The following list is only some of them.

  • Take tax and legal advice before selling

  • Decide if you want to sell the Share holding (Share Sale) or if you want to sell just the Assets, Name and Goodwill.

  • Interview and obtain quotations from Solicitors to handle the legal work.

  • Make sure all of your accounting systems, management accounts, statutory accounts etc are up to date.

  • Make sure that all of your staff Contracts of Employments have been issued.

  • Apoint a Business Broker (such as Biz Sales) to help find a buyer and maintain confidentiality.

  • Decide which assets are or are not included in the sale.

  • Work to agreed timescales and aim for a Completion Date.

  • Ensure all information provided for a potential purchaser is accurate - you can be assured that everything will be thoroughly scrutinised!

  • Make sure that any outstanding tax issues, disputes etc are fully resolved.

  • Ensure all contracts are in correct legal form for employees, customers and suppliers.

  • Make sure that any intangible assets such as copyrights, patents, trademarks are correctly protected.

  • Consider reigning back on capital investment to maximise profits, preferably 3 years before selling.

  • Don't let the business decline whilst searching for a buyer or during the period leading up to legal completion.

  • Don't give exclusivity until an offer has been accepted.

  • Type of Deal. What kind of deal will it be - purchasing the assets of the business or purchasing the stock?

  • Confidentiality. If the vendor will be sharing confidential information, such as financial statements and customer lists, the buyer probably will be asked to sign a Confidentiality Agreement.

  • Letters of Intent. Consider whether signing a letter of intent makes sense before you invest a great deal of time and money.

  • Due Diligence. Make sure you have thoroughly checked out the business you are buying—its financial performance, assets, liabilities, contracts, employees and more. Click here to view a sample due diligence checklist.

  • Definitive Agreement. You will need a comprehensive definitive agreement setting forth the terms of the acquisition.
nike kyrie 2 Release Detail Jordan CP3.IX (9) evaluación de desempeño Women's New Balance 574 schoenen Air Force 1 Flyknit jordan CP ix (9) arotake mahi New Balance 998 aclaramiento de salida baratos Nike Air Max Flyknit Nike Free 5.0 Eastbay MBT Womens Wave White shoes Nike Air Jordan 13 Skechers Shoes Go Walk Adidas Sneaker 2016 Nike Kyrie 2 Nike Air Max 2016 Frauen New Balance 998 Sale New Balance 998 SneakerNews billige Air Jordan 13 Schuhe Nike Flyknit air max uomo Red Huarache Jordan CP IX (9) Performance Review