Selling or closing a business is a unique time for business owners. It could mean a big payout and significant transition for the business owner, employees and customers. In this webinar brought to you by SCORE, CEO of MyCorporation Deborah Sweeney will present key legal and business considerations when selling your business. The webinar will cover these factors:
1. Is your business in good standing?
- Have you managed your legal documents properly, maintained insurance and business licenses?
- Consider evaluating the current status of your business filings as part of your next steps in selling or closing your business.
2. Evaluate the intellectual property and goodwill value.
- Have you protected your intellectual property?
- What goodwill value do you have in your business?
- What is your customer base and value of partners?
3. Is this the right time and will you get the right price?
- Can you pay outstanding debt, if any?
- Evaluate other competitors in the industry–determine value and opportunities for sale/consolidation.
4. Communication is key.
- Make sure to communicate with your employees about your strategy and next steps.
- Ensure the time is right to share details with customers and/or partners.
- Ensure the acquiring party understands next steps to maintain smooth transition.
Presented by Deborah Sweeney
Deborah Sweeney is the CEO of MyCorporation which provides online legal filing services for entrepreneurs and businesses, startup bundles that include corporation and LLC formation, registered agent services, DBAs, and trademark and copyright filing services.
