Whether they are looking to retire or are simply ready for their next career move, your small business-owning client may decide they would like to sell their company.
In fact, analysts expect 70% of America’s privately owned businesses will change hands in the next 10-15 years.
As an accounting professional, you can both help your client prepare their small business for sale and help them preserve the proceeds of the sale as a legacy for themselves and their family.
Preparing to sell the business starts years before the actual event. The buyer will want to see a few years of results, not just one year. To successfully help clients sell their small businesses, consider these factors.