Resources For Selling Your Business

Selling a business often requires a team. Most people typically need an accountant, a lawyer, and a buyer, to start. These intermediaries can be the key to making sure a deal goes smoothly, or doesn't.

The best way to source these services is to ask people you know and trust for recommendations. Then, trust but verify. Make sure everyone has experience in business sales and knows the market for what you're selling.

There are some great online resources for business sellers as well, the links to which are below.

Valuing the Business

The Appraisal Foundation - Federally recognized foundation that provides free resources on valuing and appraising a business.

The Hartford - A quick list of a few different ways to think about business valuation.

Appraisers' Association - The association for appraisers in the United States. You can find an appraiser to work with here.

Selling the Business

Brokers - Transworld Advisors, Texas Business Brokers, or online brokerages like BizBuySell can all help connect you with potential buyers.

Professional Advisors

Lawyers - make sure to have a lawyer represent you in the sale. Certain firms specialize in business sales in different states. See some Texas examples here and here.

Accountants - the same goes for accountants. Don't let financial miscommunications derail a deal. Firms include Financial Solution Advisors and Gross Mendelsohn.

For more resources or thoughts on selling your business, contact me individually. I'll provide free consulting advice on how to best position your business for a sale.