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If you’re selling your business, it’s easy to feel overwhelmed by the process of marketing your company, fielding inquiries from buyers, and conducting preliminary due diligence on your buyers. The right business broker can help you sell a business without the stress and chaos that comes from a DIY approach. But when your business broker presents you with a list of potential buyers, what should you look for? Here are five traits to seek in a buyer if you want

Are you selling a business that involves a lease? If so, this will be a factor that has significance to a buyer when you go to complete your deal. If your business relies heavily on its location and you don’t own property, then you’ll find the lease will be quite an important consideration for your buyer. By the same token, if you’re buying a business that involves a lease, you’ll want to carefully examine this document and consider how it

If you’re selling your business, at some point you’ll likely be presented with a term sheet. As the name suggests, this document will include the “terms” of the deal including the basic economic terms and conditions of a prospective acquisition. It is a list of conditions to be met if the sale successfully takes place, yet it is not legally binding.   What is the Difference Between a Term Sheet and the LOI? Both a term sheet and letter of intent