How to buy and sell a business

Buying and selling a ready-made business is a fairly common occurrence. The seller in this way can solve his financial problems or change the scope of activities. And the buyer gets the opportunity to avoid the difficulties associated with the stage of formation of the business.

Instruction manual

1

Both sides need to carry out thorough preparatory work. The owner should make an objective and independent assessment of his business, and the buyer should make sure that there is no bad reputation of the acquired company among customers and partners, no debts and legal problems, as well as the fairness of the asking price. For the above purposes, it is recommended to hire professional auditors and lawyers. Often, the sale and purchase of a business occurs through the mediation of a brokerage company that implements the entire turnkey transaction process, including searching for an interested party, conducting expert evaluations and checking documentation.

2

You can find potential sellers or buyers yourself. Specialized publications, as well as Internet portals for placing ads on sale and purchase of a business, such as www.1000biznesov.ru, www.deloshop.ru, www.biztorg.ru, will help.

3

Before concluding a contract of sale, the buyer must be interested in drawing up and signing a preliminary agreement of intent. It prescribes the procedure for checking documentation, indicates an amendment on the possibility of canceling the agreement in the event of detection of significant deficiencies, the amount and settlement procedure.

4

The next step is the signing by the parties of the main contract. Further, the relevant constituent documents of the company are introduced and registered. After the formal transfer of ownership of the business to the new owner, payment is made for the transaction, which is convenient to make through the lease of a bank cell. The seller will be required to pay income tax at the appropriate time.