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Learn more about Bing search results hereSelling A Business For Dummies
This summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results here
Organizing and summarizing search results for youHere are some steps to sell your small business:- Identify the reasons for the sale.
- Decide the timing of the sale.
- Get a business valuation to determine the value of your business.
- Hire a broker.
- Prepare documents.
- Find a buyer.
- Handle the profits.
To sell your small business, you should also plan your exit, set an asking price, find qualified buyers, negotiate sales price and terms, and close the deal.
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Selling Your Business For Dummies Cheat Sheet
Getting ready to sell your business? You’ll need to separate your tangible and intangible assets because at sale time (or in the sale contract), the Internal Revenue Service requires you to break down the price into asset categories, which are taxed at varying rates. To value your business assets, you create an … See more
Tangible assetsinclude business furnishings, fixtures, equipment, leasehold improvements, inventory, real estate, automobiles, and other major physical assets. Tangible … See more
In businesses with well-known names, products, and reputations, up to half the business sale price often covers the purchase of intangible assets— things buyers can’t hold in … See more
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Dec 16, 2023 · Here is a brief overview of the process of selling a business. We’ll go into these steps (and expand upon them) in the article below. Here is what the best process of selling a …
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