![]() ![]() If you are half way into the fiscal year, make sure you have the previous year returns available. Make sure that the business tax returns are current and as accurate as possible. You must have the information well-organized, as if you were to submit it to a potential buyer. Most probably, you may have forgotten most of this information so you must pay great attention in completing this task. ![]() After you gather the information listed you must ensure that is complete and up to date. If you own a small enterprise, you must gather the information about these topics. Copy of franchise agreements, if applicable.List of loans acquired by the company (quantity, repayment conditions).Leasing contracts and related documents.Financial statements for the last three years.First you need to gather the following information: Let's assume that you have decided to take the first steps even before putting your company up for sale, there are things you need to do. The next question is: Do you have reasonable expectations about the sale? The affirmative answer to these two questions indicates that you have a serious approach to the sale. The second question you must consider is: Do I really want to sell my company? If you have a solid reason to sell and are committed, most likely you will end up selling. The opinion your accountant, lawyer, or best friend has about the value of your business is not important only the market can fix the value of your company. There is no difference between the value you think your business has and what you want for it. If money is the only motivation to sell, then you are not ready to sell. However, we are going to postpone dealing with this important question for a while. The first question that each seller confronts is: How much is my company worth? To be honest, if we were selling our business this would also be the first thing we would want to know. This section will solve many of your doubts and help you in the selling process. You do not need to make a commitment yet, but you are only gathering information on what is required to sell your business successfully. If you have come this far, the sale of your company has probably raised enough of your curiosity to lead you to this first step. The following are some of the issues and questions commonly asked by sellers. This is when the assistance of a broker or a professional advisor makes the difference in getting the best price for your business. Still, now you have decided it is the right moment to sell and you want the best professional advice available. Is this the right moment to sell? The sale of your company is a very important decision since you probably have devoted your time, money and energy to start up and operate your business. how to promote the sale of your business with the assistance of Internet-based platforms to buy and sell companies. ![]() considering the factors that add value to the company (clients, products, formulas, software, employees, know the role of external advisors, the brokers, and professional intermediaries - valuing the company, negotiating with the purchaser, closing the sale). ![]() considering the presentation of your business (keep opening hours, renew or replace obsolete equipment).gathering information on the company (profits, expenses, inventory, liquidity).Is this the right time to sell your company? The sale of your company is an important decision and you must know the correct steps when selling your business, including: Final questions and doubts concerning the sale of companies What to do before placing a business for saleĥ. The following article provides some considerations and suggestions when selling or buying a business in Spain.Ĥ. First steps in selling a business in Spain ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |