Stirling Business Transfer Agents

Further Advice

Some points to bear in mind if you are selling are as follows:-

Take tax and legal advice before selling
Decide if you want to sell the Share holding (Share Sale) or if you want to sell just the Assets, Name and Goodwill.
Obtain quotations from Solicitors to handle the legal work.
Make sure all of your accounting systems, management accounts, statutory accounts etc are up to date.
Make sure that all of your staff Contracts of Employments have been issued.
Consider using a Business Transfer Agent or Intermediatory (such as Stirling Business Solutions) to help find a buyer and maintain confidentiality.
Decide which assets are or are not included in the sale.
Work to agreed timescales and aim for a Completion Date.
Ensure all information provided for a potential purchaser is accurate - you can be assured that everything will be thoroughly scrutinised!
Make sure that any outstanding tax issues, disputes etc are fully resolved.
Ensure all contracts are in correct legal form for employees, customers and suppliers.
Make sure that any intangible assets such as copyrights, patents, trademarks are correctly protected.
Consider reigning back on capital investment to maximise profits, preferably 3 years before selling.
Don't let the business decline whilst searching for a buyer or during the period leading up to legal Completion.
Don't give exclusivity until an offer has been accepted.