Web Library - Selected Articles and Resources from the Cloud
1. Check the status
Is Your Business Saleable?
Preparing to exit your business should start from day one. There are many important aspects to cover. You may want to make sure your business is saleable and well prepared before announcing the sale.
2. Prepare for sale
About Preparing Your Business For Sale
You will begin to prepare your business for sale even before you put it on the marketplace. There may be many aspects of the business not ready for a sale, though. Check what can be done to prepare for your exit.
Business Valuation in Divorce Cases
Quite often one of the most important issues in a divorce case is the valuation and distribution of marital property. This process can be complicated and expensive. Check how you can deal with a business interest whether you are a sole trader or you have set up a business partnership or a limited company.
4. Close the deal
About Tax Aspects
When you sell your business, a significant tax bill may be faced. In a worst case scenario, near half of the selling price will be winded up, after all taxes are paid. Nevertheless, with smart planning it is possible to defer or minimize these taxes.
About Legal Aspects
If there weren’t legal aspects in selling your business, the deal would be simple. The buyer would just pay the money and the seller would hand over the keys. However, you shall resolve questions like deal structure, contract terms, future liablilities, taxes and other legalities.