A business that works smoothly and efficiently, with clearly Telephone Number List defined processes and systems, is a positive for many buyers as this reduces the amount of time and resources they have to spend understanding and fixing inefficient practices. 4. Legal Issues It is very important Telephone Number List to settle any legal disputes or issues that may affect the sale of your business as any buyer worth their salt will conduct some form of due diligence if they are serious about purchasing your business.
Many deals have collapsed due to legal issues or disputes Telephone Number List that the vendor has failed to sort out or disclose. If you are able to solve these issues prior to negotiations and due diligence you have paved the way for a successful sale.
Issues such as lease agreements on property Telephone Number List and equipment, outstanding payments or court settlements and other potential liabilities should be tackled prior to the negotiation period as these issues are notorious for collapsing deals. It's also a good idea to turn any verbal agreements you have with key suppliers Telephone Number List and customers into written contracts.