The different stages of a business transfer
The takeover of a company is not something to be taken lightly: it requires time and good preparation. It’s never too early to plan the sale of your company. You must consider a number of elements including financial, organisational, fiscal, legal, and human aspects.
Looking for a buyer
List the types of possible buyers, whether they are close to you or not. Verify their motivation and reliability. Provide them with some initial information on the legal formula required, the price level, etc.
Don't forget to consider the possibility of your staff taking over the company. They are often best placed to take over and sustain the business. And even if they are not interested, they will be flattered to have been consulted and will be more amenable to the transfer to a third party.
This is decisive, because the value of a company is often found in its workforce. If they leave, there won’t be much left of your company...
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