Related Sponsors

Who can I contact for help when Selling a Business?

Home » Entrepreneurship » Selling a Business » Who can I contact for help when Selling a Business?

If you are selling a business, experienced advisers are essential for the effective sale. The right adviser can have a big impact on the success of your sale. Here are a few of the individuals you will need to assist you in your company sale:

Accountant: An accountant focuses on all of the financial aspects of a sale, such as preparing accounts for the business and drawing up the exact financial records that your potential buyers will require.
Solicitor: A solicitor concentrates on any legal issues involved in the selling of a business, such as drafting a sale agreement.
Specialist tax advisor: A specialist tax advisor handles tax planning for the business as well as you personally.
Specialist corporate finance advisor (optional): A specialist corporate finance advisor helps you throughout the entire process of selling a business � from choosing the correct timing to negotiating the sale. They can manage the whole process and leave you free to run the business. Many businesses choose this option for simplicity�s sake.

How will you know the right adviser to choose? Examine their experience in selling similar businesses, their contacts among potential purchasers, and their references. Also make sure you feel comfortable with the people you are working with; they should have your complete trust as they work with you money and interests.
Expect to pay your advisers an hourly rate. However, you may be able to negotiate a fixed rate for a specific piece of work or a success fee as part of their payment. Remember that these people are professionals who spend their lives making sure that people selling a business do so correctly and efficiently. In the long run, the money you spend on securing the services of these advisors will be some of the best-spent money in your sale.

Next Page: What are Patents?

Related Selling a Business Articles