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business owner should plan three to five
years in advance of a sale if a business
owner gives his team of advisors a three
to five year period the advisors can
work to
improve profits to make changes whether
it’s to the office whether it’s to
policies and procedures that are going
to increase the ultimate sales price we
can address any deficiencies in entity
documents or process and procedures and
we can make sure that when we go to
market with the business the business is
in its best form to get the best price
and terms for the business owner foreign
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Orlando, FL business attorney Jim Flick discusses when and how you should prepare to sell your business. He explains that a business owner who plans to sell their business should start the planning process three to five years in advance. During this period, the owner’s team of advisors can work on improving profits, making necessary changes to the office and policies, addressing any deficiencies in entity documents and procedures, and ensuring that the business is in its best form for a successful sale. This preparation can lead to the best possible price and terms for the business owner when they go to market with their business.