Business Exits By Industry
Selling a Corporate Business Attorneys Business
Maybe you're counting on your corporate business attorneys business to be a stepping stone to your next big business venture. Maybe it's your retirement fund. Either way, you need to maximize the price it gets in the business-for-sale marketplace.
If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
Many business owners don't know that corporate business attorneys businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
What About Market Conditions?
At first glance, today's market would seem to be a hostile place for corporate business attorneys business sellers. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. But when the economy fully rebounds, a shadow inventory of corporate business attorneys businesses will flood the market and drive prices down even further. Like it or not, the time to sell your corporate business attorneys business may be right now, as long as your willing to adequately prepare your business for the marketplace.
Working with Accountants
Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. A professional audit can ease buyer concerns and amp up the value of your financial presentation. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Leveraging Seller Concessions
In the current marketplace, seller concessions can make the difference between a business sale and a corporate business attorneys business that languishes on the market for months or even years. The most common seller concession is seller financing. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
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