The coronavirus pause that shut down most New York businesses this spring inadvertently became an inflection point for business owners to take a contemplative time-out. Dealing with unprecedented down time and the real-life scenario of a pandemic forced many business owners to think about exit plans.
For some, the pandemic even accelerated that desire.
Some business owners have built-in successors – next generation family members or internal employee candidates. But if you need to go out to the general market to find a buyer, it is strongly advisable to hire a business broker.
A business broker is an important ally for guiding an entrepreneur from valuation to marketing to ultimately closing on the transaction. A competent broker will do his best to negotiate for the highest price and best terms for the business, while keeping the other side at the table.
Read our full discussion of this issue at https://rcbizjournal.com/2020/06/18/selling-your-business-engage-a-business-broker/.
For more information about this article or other issues, please contact us, The Bachman Law Firm PLLC at firstname.lastname@example.org or 845-639-3210.