There is a point in a business owner’s life when he or she may consider walking away from the company. Some may choose to close up shop, while others may look at selling. Those in Oregon who are thinking about selling their businesses may find the process far more complicated and involved that they thought it would be. Thankfully, this is not something one has to do alone.
There are several reasons why one might want to sell. No matter what one’s “why” is, when and how one goes about it matters. Many experts would agree that trying to sell when the economy is in a good place is ideal.
Before placing a company on the market for potential buyers, one needs to determine an asking price. To do this, having one’s company appraised is a wise idea. Asking too little will only cause one to walk away with less than he or she could and asking too much might scare off prospective buyers.
Along with setting a price, it is necessary to determine what information needs to be disclosed to potential buyers. Failing to disclose certain information could come back to hurt one in the end. No one wants to be sued by his or her buyer when all is said and done.
While selling a business is challenging work, there are a number of ways to go about getting it done. Determining the best way to approach the matter depends on several factors. An experienced business law attorney can be there to help Oregon business owners every step of the way to ensure they walk away with the best deal possible.