October 29, 2020  
 
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Selling an Individual Retirement Accounts Business

A lot can go wrong during the sale of an individual retirement accounts business these days. We'll tell you how to keep your sale and your future plans on track.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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Despite the conventional wisdom, we believe current economic conditions are right for selling an individual retirement accounts business. We'll tell you what you need to know to achieve a successful sale outcome

Tips for Working with A Business Broker

Brokerage is a mainstay of the business-for-sale marketplace. It's typical for individual retirement accounts business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.

The Case for Confidentiality

Highly publicized individual retirement accounts business sales are risky individual retirement accounts businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your individual retirement accounts business on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Moving On

So you've decided to sell your individual retirement accounts business. That's great -- but have you considered what's next? Are you moving on to another business venture? Are you retiring? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.

More Info on Business Transitions and Related Articles

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

Pre-Exit Employee Incentive Programs

Marketing an Individual Retirement Accounts Business

Selling Part of a Business


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