Preparing Your Business Sale

Preparing your business for exit involves three main components – putting all the facts & figures of the business in the right manners so that the potential buyer can see the value with supporting information, transition of business and to maximizing the value of your business. Now is the better time to start preparing your business for an exit because takes some time to prepare it.

In order to prepare your business for exit you also need to clean up the business and make it transitional. Some of the things to consider are:

Having a good management team in place that can run the business when you are not there?

Customers, vendors, suppliers and other peer’s relationship transitional

Related parties transaction demarcation

Sieving out personal assets and business assets

Business ownership and business title

Track of your inventory valuation and verification

All agreements and contracts signed and in good order

Financial reports and statement review

All of your trademarks are registered, everything you can patent is patented

There are a many more things depends on the business need to organized so that a potential buyer can check easily.