What to keep in mind
Organize books, financials, title, contracts, disputes and a coherent disclosure process, and negotiate payment protection, warranties and liability limits.
Disorganized or incomplete records can cause delays, price reductions or disputes.
Distinctions often confused
Preparing a business for sale differs from deciding the legal structure of the transfer.
Frequently asked questions
Can sellers limit their liability after closing?
Often through negotiated caps, time limits and appropriate disclosure, subject to applicable law.
Should potential issues be disclosed to buyers?
Material issues ordinarily need careful consideration and contractual treatment.
Informational content. It is not a substitute for professional advice.