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Commercial – How to Buy and Sell a Business | 6 Hours CE ($40)
December 2, 2021 @ 9:30 am - 4:30 pm
You’ll need to do a lot of planning and preparation of due diligence before selling or buying an existing a business. Determining the ideal market value of a business is next to impossible, however you can arrive at a reasonable price range by utilizing several approaches. Let’s discuss the selling and purchase process from setting price and negotiating, to preparing a purchase and sales agreement and going to the closing.
Selling a Business? Are you selling assets or the entity? The getting-ready process includes not only sprucing up your premises, but getting your numbers in good shape. Business owners will want to engage a business real estate practitioner to reach more buyers, and to keep your plans from going too public too fast. Owners should expect to pay a substantial commission.
Buying a Business? Is the business public or private? Buying an existing business is a better option than starting one from scratch. Why? Because someone else has done much of the legwork for you. Still, you’ll need to do some thorough research to make sure that what you see is what you’ll get.
In either event, let’s discuss practical steps for making the transaction go smoothly.