Article: Sell You Business: Ten Rules For A Smooth Transaction
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Sell You Business: Ten Rules For A Smooth Transaction
Thinking of selling your business?
Would you like to retire? Relocate? Just want to cash out?
Before you begin, review the ten things I learned from my experience...
1. Use common sense when hiring a lawyer.
While it's important to have an attorney review most documents, getting your lawyer too involved may do more harm the good ? particularly if he intimidates prospective buyers.
2. Use a reputable broker
Resist the temptation to save a broker's commission by selling yourself.
A good broker will have a large data base of prospective buyers. Therefore, he can often sell your business for a higher price ? getting more than his commission. What's more, he can sell your business quickly an...
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