What Sellers Can Do
For privately listed companies, the sale process can be significantly more difficult due to insufficient accounting. If you’re a seller, you can take steps to make the process a bit easier for buyers.
Firstly, work closely with your accountant in an effort to ensure that the numbers are not just accurate, but are also presented in a concise and easy to understand fashion. This boosts trust with the buyer, increasing chances of sale.
Sellers should consider opting for an outside appraiser or expert when it comes to determining the value of their business. Valuation from an outside seller improves the accuracy of the cost again increases the chance of sale.
By taking the right steps both before and during the sale of your business, there is a much greater chance of success.