How To Buy And Sell A Business

Table of contents:

How To Buy And Sell A Business
How To Buy And Sell A Business

Video: How To Buy And Sell A Business

Video: How To Buy And Sell A Business
Video: How To Buy And Sell Businesses With No Money 2024, December
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Buying and selling a ready-made business is a fairly common occurrence. The seller in this way can solve his financial problems or change the field of activity. And the buyer gets the opportunity to avoid the difficulties associated with the stage of business formation.

How to buy and sell a business
How to buy and sell a business

Instructions

Step 1

Careful preparatory work is required on both sides. The owner should make an objective and independent assessment of his business, and the buyer should make sure that there is no bad reputation of the acquired company among clients and partners, that there are no debts and legal problems, and that the asking price is fair. For the above purposes, it is recommended to hire professional auditors and lawyers. Often, the sale and purchase of a business takes place through the mediation of a brokerage company, which implements the entire process of a turnkey transaction, including the search for an interested party, the implementation of expert assessments and verification of documentation.

Step 2

You can find potential sellers or buyers yourself. This will help specialized publications, as well as Internet portals for posting advertisements for the sale and purchase of a business, such as www.1000biznesov.ru, www.deloshop.ru, www.biztorg.ru.

Step 3

Before entering into a sales contract, the buyer must be interested in drawing up and signing a preliminary letter of intent. It prescribes the procedure for checking the documentation, specifies an amendment on the possibility of canceling agreements in case of significant deficiencies, the amount and procedure for settlements.

Step 4

The next step is the signing by the parties of the main agreement. Further, appropriate changes are made to the constituent documents of the company and registered. After the official transfer of ownership of the business to the new owner, the transaction is paid for, which is convenient to make through the lease of a safe deposit box. The seller will be required to pay income tax on the due date.

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