Business owners invest much time and effort into their business, and most of the difficult decision to sell their companies at a specific time to arrive. There are several reasons for the sale of a company, and that every circumstance is unique, most owners have similar incentives and concerns. It is an emotional and difficult process, and the best deal is by understanding the steps and factors that determine the best time to be made for sale.
After the decision to sell has have been, there are a number of preparatory measures that make your company more attractive to buyers, and they can take two to twelve months to implement.
Financial Statements
You should always have the current profit and loss account, contact your tax advisor. It is better to show the last two to three years, the statements in order to preserve a historic development and the profile. The profit and loss account shows the two parties, the revenue and costs incurred in the> Billing period, the difference of which is the net profit.
They should be addressed, how to strengthen or to document your company's financial better health. Many owners to minimize taxable income with techniques to hide their profits, but the smart buyer will recognize this tactic. Buyers are generally observed, the companies recognize and will not pay benefits for the results, which are not clearly documented, too. As companies based on multiples of earnings, bought theAre investments in the amount of taxes for one or two years would be paid, in multiples of that amount recovered in a sale.
You can increase the confidence of the buyer, by your statements, which will accelerate the sale and to avoid delays in concluding the sale.
Condition of the Facility
The state of the business center is how you do business, but more importantly, it gives potential buyers a good impression of what they buy in. You should do whatrequired to provide your business investment more representative as painting inside and out, the transformation of the economy to a productive and efficient work, so that minor repairs, or simply removing garbage from the storage and workspace.
Business Records
You should organize your business documents, such as a statute, taxes, leases and contractual agreements, and payroll records. You should collect documents relating to thePatents, trademarks, copyrights, licensing or franchise agreements and bank loans.
If your business requires to ensure a license or permit to operate, that they are currently and readily transferable. You should retain the necessary papers would that help to transfer the license or permit for the new owner.
The companies are either in a rented or owned equipment. If it is rented, you should check that you have a copy of the lease to check for. Potential buyers are concernedhave with the contract period, mainly with the remaining number of years, the lease agreement. It is optimal to be transferred at least three years, the other to the new owner. You can negotiate with the landlord for an extension or an option for renewal, and you should find out the conditions for transferring a lease to have the assignment or subletting which must be met. If the facility is owned, you should have the property assessed.
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