January 19, 2021  
 
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Selling a Company

 

Selling a Land Surveyors Business

Selling a land surveyors business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.

You need to get a good price for your land surveyors business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
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They require careful planning and an intentional strategy that emphasizes your land surveyors business's strengths and meets the needs of the marketplace. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.

Legal Considerations

It's obvious that you're going to need to hire an attorney to finalize the sale of your land surveyors business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

Moving On

The decision to sell your land surveyors business can't be made without adequate consideration of what will happen after the sale. If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your land surveyors business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your land surveyors business.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Land Surveyors Business

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