When you’re ready to sell your business, there are a few specific steps to consider. Following these steps will ensure a smooth transaction.
- Getting the mindset to sell and preparing for the sale
- Negotiating the terms
- Satisfying the legal requirements know as due diligence
- Executing the sale
In most cases (depending on the sale and method of financing), you may need corporate results, promissory notes, security agreement, and stock certificates.