Exit Planning Advice By Market
Selling an AIDS and HIV Support Group
You've learned a lot during your tenure as an AIDS and HIV support group owner. The next step is to position your business for the demands of the business-for-sale marketplace.
The process of selling an AIDS and HIV support group can be one of the most stressful experiences of your entrepreneurial career.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your AIDS and HIV support group.
When Is the Right Time to Sell?
When is it the right time to sell your AIDS and HIV support group? If you're asking the question, now may be the time to put your business on the market. Some experts are telling AIDS and HIV support group sellers (or would-be sellers) to take a wait and see approach. But despite the negativity that exists in some sectors, if you have a desire to sell your AIDS and HIV support group now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality AIDS and HIV support groups is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your AIDS and HIV support group. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based AIDS and HIV support group sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.
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