Selling a business in America is one of the most complicated and cumbersome processes. The sale of a business starts from the day a business is established and continues through the life cycle of the business. You may be the owner for a period of time in the life cycle of the business or you may be the only owner for the entire life cycle of the business. In either case, when an owner wants to sell a business, the process will be similar for the sale of an American business or exchange of ownership.
The business can sell either by owner (SBO) or professionals (brokers/agents). In the current world the SBO percentage is very low, as selling a business requires a lot of marketing, documentation, and the involvement of many people. It is associated with a lot of legal issues, clearances, disclosures, and the possibility of arising post sale complications and lawsuits before the expiry of statutory limitations.
Businesses are selling by professionals who are licensed and have hands on experience. They have sound knowledge on marketing, legal requirements, rule and regulations, maintenance of privacy, network with all other associated business professionals, etc. Their effective marketing and secure selling will give peace of mind to the seller. Hence most sellers will hire a brokers/agent to sell their business.
If you want to know more about how to sell a business, have further questions about selling a business, or need assistance selling a business, please contact us at help@BizWorldUSA.com or 415-234-8833 and one of our approved business selling professionals will contact you.