7 ways to prepare your business for sale

Succession planning can be a complex, delicate matter involving family members and a long transition out of the company. Another approach is to simply sell and move on. If you’re leaning this way, there are many ways to prepare: Develop or update your business plan and ensure your management team is ready to move forward without you. Upgrade IT systems so your company is “plug and play.” Obtain a professional valuation and optimize your balance sheet. Get ready for plenty of paperwork, too, and don’t forget to consider the tax impact. Contact us for help.