It’s all in the planning when it comes to selling privately-owned companies

For the shareholding directors of many privately-owned companies, the end-game is focused on selling up before moving on to new ventures or sometimes retirement. But many owners under-estimate the time involved in making a business market-ready, or do not seek advice on the different options before they start, nor the route-map to follow to secure a successful sale. Ideally, an advisory team should be put together, involving a lawyer and an accountant specialising in company transactions, to guide the company on the preparation for sale, before any moves are made…

Top 10 tips when buying a business

Purchasing a business can be a complicated process. Here are our top 10 tips when buying a business. 1. Make sure you know exactly what you are buying It may seem like obvious advice but the due diligence procedure, where the business is examined in detail, is often the most crucial part of a purchase transaction. It is vital that you and your legal and accounting advisors examine the various aspects of the business including its accounts, commercial contracts, employee details, premises and other liabilities. Due diligence should also reveal how…

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