If you have decided that it is time to sell your business, there are several actions to perform to ensure that the selling process proceeds as smoothly as possible. Among these actions, ensuring that you have the right accounting partner at your side is one of the most important. The process for selling your business is complex and full of financial obstacles that can feel impossible to navigate on your own. As leading providers of accounting solutions and business consulting services, Leskun & Son Accounting knows how difficult it can be to sell your business. That is why our team has provided some information detailing how an accountant can help with selling your business to ensure optimal proceeds, security, and efficiency.
Learn about some money-saving tips for business owners.
How Can an Accountant Help?
When it comes to selling your business, it is not something that you should do on your own. An accountant can help with the following elements of your business sale:
Do you know how much your business is worth? An accountant can help you determine the value of your business by performing an objective preliminary valuation. This will help you determine which offers for your business are fair and which are not.
Organizing and Structuring the Deal
The sale of a business is complex and involves many moving parts. To ensure that you are getting the highest asking price while minimizing complications, an accountant can help you choose the perfect deal structure. Whether you are looking at a takeover, the formation of a new enterprise, or selling your intellectual property, an account can help to ensure that the purchase deal is fair and valid.
When selling a business, there are many tax implications to consider before, during, and after the transaction. An accountant can help you ensure that nothing is missed while finding you every available opportunity for deductions and savings.
No transaction is without risk. To ensure that the sale of your business proceeds smoothly, an accountant can evaluate the risk associated with potential buyers. This will ensure that you are accepting an offer from a company or individual that can purchase your business with minimal risk.
To learn more about how an account can help you sell your business or for more information on our business consulting services, get in touch with Leskun & Son Accounting. Our team can be reached through our online contact form and will be happy to assist you with your questions.