Selling your business is a big decision and the process can be overwhelming to those who are unfamiliar with the market. Your first step, after deciding to sell your business, is to hire a business broker to assist you throughout the selling process.
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By TomI read a very informative article on ExitPromise recently, which addressed these four important topics: “Why Does a Business Need an Employment Agreement”, “Types of Employment Agreements”, “What Must Be Included in an Employment Agreement”, and “Are There Drawbacks?”
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By TomWhat is Retirement Asset Funding? The use of retirement assets [401K, SEP, IRA] for the cash to fund the purchase a business to operate and grow is known as Retirement Asset Funding.
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By TomWhen business owners decide to sell their business, they will likely retain the services of either a Business Broker or a Mergers and Acquisitions (M&A) Advisor. Though both kinds of professionals have the same objective – to assist the owner is the sale of the business – their services are quite different.
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By TomA survey of business owners who recently sold their companies provides insight into what functions performed by M&A advisors were most valued. Sellers were surveyed after their deal was done to better understand the selling process through their eyes.
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By Tom