Pitfalls to Avoid When Selling Your Business

Your business is one of the most valuable assets (if not the most) you’ll ever own. If you are thinking of selling your business in the next 3 to 5 years, it’s a great idea to understand what’s involved in the process and how to prepare for the event. What are some of the common challenges and red flags that can stall the transaction? How can you maximize your business value?

We’ve asked the Plethora Businesses team to share their stories, advice and best practices on the do’s and don’ts so you can leave your business on your own terms. There is no substitute for preparation if you want to get top dollar.

Topics to be discussed will include:

  • Assessing key management and owner involvement
  • Type of offers a buyer may make and their tax implications
  • Company’s ability to withstand the rigors of a due diligence process
  • Minimizing seller liability post-closing

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