5 Questions to Ask Before the
Sale of Your Business

Executive Summary

A business owner may feel both excitement and concern at the prospect of selling a business. We offer five questions to consider as a liquidity event approaches.

Key Points

  • Terms of the sale - how could a sale affect both financial and nonfinancial aspects of life?
  • Philanthropic goals - can a charitable strategy be used to reduce tax implications and meet philanthropic goals?
  • Estate planning - how could estate and legacy planning be affected?
  • Distinguish needs from wants - what do I want my lifestyle to be, and do I require a cash flow analysis?
  • Risk mitigation - what are additional ways I can possibly mitigate risk for the transaction, the business, and my family?

Conclusion

When considering the sale of a business, there are numerous financial and nonfinancial factors to consider in order to determine the terms and method of sale that best meet your goals.

"Have you structured the sale of your business to maximize the rewards of your hard work?"


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