Seller's Guide
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Begin With the End in Mind<br />
Planning includes not only when and to whom you intend<br />
to sell or transition your business, but also ways to maintain<br />
your company’s value through tax planning and being<br />
prepared for unforeseen events. Through this process, you’ll<br />
gain peace of mind that both you and your company are<br />
ready for transition.<br />
There are several factors to consider when planning to exit or<br />
retire from your business:<br />
• Business partners or key executives<br />
• Your business plan<br />
• Your family situation<br />
• The structure of your company<br />
• Your retirement plans<br />
• Tax laws<br />
• Your health<br />
• Business debt<br />
• Market conditions<br />
Most business owners will only ever sell one business and as<br />
a result of that will not have the experience of the numerous<br />
challenges and pitfalls involving finance, legal and taxation<br />
issues that impact the business sale process and outcome.<br />
Understanding the value of the business in the open market<br />
and ensuring the right mix of elements will lead to the key<br />
objective of maximizing the value on the sale.<br />
There is only one sale that matters<br />
Despite plans to exit their firms within the next decade, few<br />
business owners have developed a formal succession plan;<br />
that could greatly diminish their returns on a business sale. It<br />
is vital to plan ahead with the exit planning process several<br />
years in advance to ensure all the key elements are in place.<br />
In this document there are several sections and chapters to<br />
be a guide and resource for business owners to facilitate and<br />
manage the outcome.<br />
Why Does it Take a Team?<br />
Selling a business is one of the most complex transactions<br />
imaginable and requires a diverse team to enable a<br />
satisfactory result. Deal success requires having the right<br />
team on board including:<br />
• Accountant<br />
• Valuation specialist<br />
• Mergers & Acquisition lawyer<br />
• Mergers & Acquisitions specialist<br />
• Marketing team<br />
• Wealth Management<br />
Each of these specialists will play a pivotal role to steer your<br />
transaction from concept to completion. It is vital that the<br />
selection process of the team be assessed for their prior<br />
experience in transactions involving Mergers & Acquisitions.<br />
An important element to remember is that the buyer<br />
will have a similar team representing them during the<br />
negotiation process; therefore selecting the best quality of<br />
team members will be a determining factor in achieving the<br />
best value and terms.<br />
5<br />
“Insanity is doing the same thing over and over again and expecting a different result.”<br />
- Albert Einstein