The notes cover general practice for small and mid sized company sales. Your deal may differ, so lean on your broker, CPA and attorney.
- How Long It Takes to Sell a Business and What Slows It Down
A realistic timeline for selling a St. Louis area company, from signing with a broker to closing, and the delays that stretch it past nine months.
- Asset Sale or Stock Sale and How the Price Gets Split
Why most small business sales are asset sales, how the price is divided among equipment, inventory and goodwill, and why the split affects your tax bill.
- How a Business Broker Gets Paid and What to Ask Before You Sign
How broker fees and agreements usually work for a St. Louis area sale, what to ask before you sign and why an exclusive agreement protects both sides.
- Seller Financing, SBA Loans and How Buyers Pay
How buyers pay for a small business in the St. Louis area: cash, SBA loans and seller notes, what each means for you and what lenders require.