Planning Successfully – The Do’s and Don’ts of Selling Your Business - Part 2
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Planning Successfully – The Do’s and Don’ts of Selling Your Business - Part 2 On this episode an interview with Rett Peaden. Representations and Warranties / Indemnification  What are these?  Why should a seller be concerned?  Personal liability Real Estate  Own / Rent  Different holding company?  Selling the real estate with the operating business? Trade Secrets / Intellectual Property  Does your business have these? Almost certainly to some extent.  How are these being protected? Third-Party Contracts  Suppliers, distributors, subcontractors, customers, etc.  Do you have written contracts? Well-written?  Are these, assignable, terminable, renewable? More about our guest Rett Peaden: Rett’s practice focuses on helping the owners of closely-held businesses and professional services firms exit their businesses, whether that involves selling the business or transferring it to the next generation. Getting a business onto a solid footing with regard to succession planning is essential, and Rett is…