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- To sell your business, you need to12:
- Determine what your business is worth.
- Prepare your financials with your accountant.
- Find a broker or investment banker.
- Develop the executive summary of your business.
- Put your business on the market.
- Field offers from potential buyers.
- Let the buyer perform due diligence.
- Close the deal.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.7 Steps to Sell Your Business (in 2023)
- 1. Determine what your business is worth A business is generally worth a multiple of its’ profit. ...
- 2. Prepare your financials with your accountant ...
digitalexits.com/sell-your-business/Sell your business
- 1. Make sure selling is the right decision Consider the real reason behind your decision to sell your business, and make sure it's the right one for you. ...
- 2. Decide whether to use professionals ...
business.gov.au/exiting/selling-your-business/sell-y… - People also ask
WEBMay 4, 2021 · Selling a business requires a lot of planning. Here's a primer on what to expect when selling a company. How to sell your small business: key steps before, during, and after the sale.
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- Identifying the Reasons for the Sale. You've decided to sell your business. …
- Deciding the Timing of the Sale. Timing is everything. And that includes the …
- Getting a Business Valuation. Determine the value of your business to make …
- Hiring a Broker. Selling the business yourself allows you to save money and …
- Preparing Documents. Gather your financial statements and tax returns …
Steps to Sell Your Small Business - BizBuySell Guide
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- Plan Your Exit. It may sound obvious, but many business owners fail to prepare the …
- Set an Asking Price. How much is your business worth? Like most asset sales, the ultimate …
- Find Qualified Buyers. Marketing your business for sale involves seemingly contradictory …
- Negotiate Sales Price & Terms. After successfully identifying buyers and getting at least one …
- Close the Deal. You've pinned down the selling price and terms, and now the buyer is going …
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- Decide to close. Sole proprietors can decide on their own, but any type of partnership …
- File dissolution documents. Failure to legally dissolve an LLC or corporation with any state …
- Cancel registrations, permits, licenses, and business names. Protect your finances and …
- Comply with employment and labor laws. Reference the Department of Labor’s Worker …
- Resolve financial obligations. Handle final returns for income tax and sales tax. Cancel your …
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