Avoid common slip-ups when selling your business

Infographic: Read this before you try to sell your business.

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Avoid common slip-ups when selling your businessEvent the most successful entrepreneurs can make deal-breaking mistakes when it's time to sell their companies. To realize a fair price and terms, don't
  1. Take credit for every success. Buyers seek businesses that will thrive after their founder's departure. So, tout your management team's strengths, not your own.
  2. Present sloppy financials. Have a CPA prepare your financial statements before you go on the market.
  3. Set too high an initial asking price. First let buyers get interested in your company, and then start negotiating price.
  4. Forget tax implications. Your tax bill can vary significantly depending on how the deal is structured.
  5. Go it alone. Too much is at stake to sell without the professional advice of M&A experts, valuators, accountants and attorneys.
Contact us for more information on the best way to sell a business.