Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how an Indian goods wholesale and manufacturing business sale works.
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Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to Indian goods wholesale and manufacturing businesses that exhibit strong financials and potential for future growth.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your Indian goods wholesale and manufacturing 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. 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
There is no easy way to sell an Indian goods wholesale and manufacturing business, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Emotions run high during the sale of an Indian goods wholesale and manufacturing business. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. Many sellers create a negotiation team to minimize the effect of their personal emotions on negotiations. More importantly, this team can perform a reality check on your expectations for the sale.
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