For most business owners, selling their business is a once in a lifetime event. It’s also often the culmination of decades of hard graft so it’s important you get it right.
Over 500,000 entrepreneurs start a business every year, investing time and money to build their business to a successful level. Yet, when it comes to planning an exit strategy, independent business finance company, Bibby Financial Services, believes many owners aren’t making the necessary provisions to ensure a successful, profitable sale.
A leading law firm is warning entrepreneurs looking to sell their business not to underestimate how treacherous the process can be.
Mace & Jones corporate lawyer Ian Hodgkinson highlights some of the common pitfalls the unwary can fall into.