For many California business owners, there comes a time to consider selling. However, even if you are ready to hand over the reins, your company must also be in good shape. You can trust a California business law attorney for assistance with the planning and details, but check out some keys to ensure you get top value and make the transaction as smooth as possible.
Organized, Accurate Financial Records
Among the most important factors to success in selling a business is being able to present accurate, streamlined financial records that are in strict compliance with generally accepted accounting principles. The best way to achieve this objective is to build your company’s financial history on a regular, continuous basis over time, rather than trying to create it just as you go to sell. A company with consistent, easily reviewable documents is more attractive to buyers because it minimizes risk – potentially leading to a higher price.