One of the most important aspects in selling your small business is the proper "paper trail".
A well-documented transaction is critical for two important reasons:
first ... a professionally organized disclosure of the financial condition of your business helps keep the buyer in a "comfort zone" during the negotiation and escrow period - the best defense against "buyer remorse" so common in business escrows;
second ... it ensures the seller will be protected from exposure to litigious buyers subsequent to close of escrow - another all-too-common consequence of inadequate representation.
The documentation we employ
to this end includes:
Listing Agreements and Purchase Contracts
Contracts specifically designed for the
Business Opportunity transaction
Business Sales Risk Factors Disclosure
a comprehensive outline of the considerations and
risks facing the seller of a Business Opportunity
Appraisal of Value Documents
Tangible Assets Schedules
(Furniture, fixtures, equipment and leasehold improvements)
Leasehold Valuation
Reconciliation of True Net Profit:
from P&L and Schedule C
Annualization of Partial Year Receipts
Valuation of Goodwill
Assignment of Lease Agreement
Seller Checklist; Buyer Checklist; Pre-Closing Checklist
Confidentiality Statement
Covenant Not to Compete
Seller Business Transfer Disclosure Statment
I
look forward to speaking with you about your business opportunity!
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