Planning Successfully – The Do’s and Don’ts of Selling Your Business
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November 16, 2016
Planning Successfully - The Do’s and Don’ts of Selling Your Business Interview with Rett Peaden Shareholder with Davis, Matthews & Quigley, P.C Mergers & Acquisitions; Business Law; Taxation; Estate Planning & Wealth Management Who buys businesses? Strategic Buyers – Want to grow their business and/or remove a competitor Financial Buyers – Want to make a business more profitable and sell it again within short period Management/Employees – Have good knowledge of business and vested reason for its success Family – May have personal as well as financial reasons to buy business What are the roles of advisors? Pre-Sale Consultants – help you position your business to sell Appraisers – help you determine what your business is worth Accountants – help you keep your books in order and offer independent financial advice during the sale process Business Brokers/Investment Bankers – help you market your business and realize maximum value; may advise you and shepherd you through the sales process Attorneys – help you…