Are you thinking of buying or selling a business? In an article recently published on the Business Journals network, 5 Steps for Buying or Selling a Business Successfully, Mike Ella, CPA, CA, addresses the five significant phases to complete the process:
- Preparing the Business for Sale
- The Buyer List
- Letter of Intent
- Due Diligence
- Closing the Transaction
The article demonstrates the differences among each stage of the process and why it is essential for the buyer and seller to be fully prepared for the successful sale or purchase.