Best Practices & Legalities Of Selling A Business

Description

Learn the fundamentals of selling your business so you can successfully exit without leaving money on the table. We will walk through a sample hypothetical transaction together to review topics that come up in all business sales, including :

Are you ready to sell?

• How to get ready if you are not ready
• The role of a sell side business broker.
• How & Where to list the business for sale if you DIY.
• Determining the purchase price
• Evaluating a buyer and a Letter of Intent (LOI)
• Typical Steps In The Transaction
• Understanding SBA Loan Basics and their impact on deals
• Purchasing Agreement 101 - What is covered? What is normal?
• Seller financing - basics + pro's/con's
• Post -Closing and Life After Selling Your Business

The Facilitator for this event is Attorney Laura Liss. Laura represents small business buyers, sellers, and founders. Her business covers business purchases and sales, commercial real estate, contracts, forming companies, franchising, trademark matters, and more. She is typically clients first call to troubleshoot whatever issue/question comes up because she is known to be practical and avoids legal jargon. Laura leads two networking groups for professional advisors to business buyers and sellers, which allows her to provide her clients ample referrals of high quality advisors whenever they need help in M&a and industry knowledge. Laura is based in Oak Brook, Illinois and assists Clients nationwide.