November 15, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling an Administrative and Governmental Law Attorneys Practice

Most businesses are susceptible to economic conditions and administrative and governmental law attorneys practices are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.

A business exit is always a trying experience. But when you need to sell your administrative and governmental law attorneys practice in a depressed economy, the challenges can seem insurmountable.
(article continues below)

Market timing is a constantly moving target. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a administrative and governmental law attorneys practice sale. To improve sale outcomes, you will simply need to tailor your administrative and governmental law attorneys practice to today's buyers.

Sale Preparations for Your Administrative & Governmental Law Attorneys Practice

The outcome of a business sale is largely determined prior to a market listing. Successful administrative and governmental law attorneys practice listings are the culmination of a preparation process that began months or even years ahead of time. Branding, market positioning, and revenue growth take time, but they directly influence the price your administrative and governmental law attorneys practice will command in the marketplace. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.

Working with Accountants

Accountants lay the financial groundwork for a business sale. Most administrative and governmental law attorneys practice have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.

Valuation Methods

Multiple valuation methods exist for an administrative and governmental law attorneys practice. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.

More Exit Planning Articles

Given your interest in exit planning and in administrative and governmental law attorneys practices, you might find these additional resources to be of interest.

Marketing an Administrative and Governmental Law Attorneys Practice

How to Sell a Business


Conversation Board

We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell an administrative and governmental law attorneys practice, we encourage you to get in touch with us today!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open an Administrative & Governmental Law Attorneys Practice?

If starting an administrative and governmental law attorneys practice is on your agenda, these helpul resources may be just what you've been looking for:

Opening an Administrative & Governmental Law Attorneys Practice

Do You Market Products or Services to Administrative & Governmental Law Attorneys Practices?

If you consider administrative and governmental law attorneys practices to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Administrative and Governmental Law Attorneys Practices

Mailing Lists for Administrative and Governmental Law Attorneys Practices

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary