Have you thought of what you would need to do to get TOP dollar for your business? Preparing your business for sale can be very overwhelming, but here are some key points to remember.
1. Get your financials in order. You want to eliminate unnecessary expense that would appear to make the business less profitable.
2. Resolve outstanding legal matters.
3. Make sure that equipment is operating correctly.
4. Maintain a good clean business from the operation to the physical appearance.
5. Have favorable lease options.
6. Secure important key players from employees to accounts.
7. Get an experienced agent.
As a seller don’t be discouraged to sell in today's economy. Every economic climate has its benefits. If you decided to wait for a better economy, remember about the capital gain increase. We currently have a low rates, but if the rate increases, your business will have to increase in value for 2 consecutive years for you to end up with the same after tax cash.
About The Author: KC Choi offers business brokerage services to both buyers and sellers in the Los Angeles and Orange County areas. 25+ professionals (multi-lingual) assist buyers and sellers with business brokerage transactions. KC can be reached by phone at 888-848-8528.
Watch for more blog posts / articles from me in the future!
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