Thinking of selling your business
Pre Sale Considerations
This is the ideal time to meet with your preferred advisor to discuss and obtain a clear understanding of how the business sales process operates and answer any questions you may have.
Prior to undertaking any major work it’s useful to consider and set some personal goals from the transaction;
- Are you fully committed to selling your business?
- What do you personally want from the deal?
- What are your thoughts for if the business is subsequently shut or relocated?
- Are you looking or prepared to remain with the business if required post sale?
- Are you selling the Limited Company or the assets and goodwill?
- What sort of deal is best for you from a tax and pension prospective?
- What will be the likely impact on customers, suppliers, employees, etc?
- Are there any legal obstacles
- Are documents for registered Patents/Trademarks/Copyrights readily available and current?
Clearly there are many factors that can have an influence when forming opinions. Time spent clarifying and addressing any potential future ambiguities will help in minimising any issues that could de-rail the sale at a later stage.