Selling your Business

Selling your business? Had an offer for your company or perhaps want to market your business but don’t know where to start?

Selling your business? Had an offer for your company or perhaps want to market your business but don’t know where to start?

Building up your own business can be exciting and demanding. But there comes a time when every owner has to face the dilemma of succession planning. You will only sell your business once.  So planning an effective sale will be critically important in order to ensure financial security for you and your family.

Like many business owners you may not think about succession planning until just before you want to sell. In many cases this means your business is not properly prepared for sale. In fact, 81% of SME business sales collapse.  So it is really important to take the time to get a business sale right.

Our latest podcast series focuses on the subject of succession planning and selling your business. Why not grab a cup of tea...

Listen here!

The Everyman Legal team has considerable experience of business sales and can advise and guide you through the process. The most important thing when considering a business sale is to be very clear on your personal objectives and to be very well prepared.  This can also help you to consider possible alternatives, such as a Management Buy-Out.

We can help you plan for the legal risks that might prejudice a business sale. These risks are far better identified and addressed 12, 24 or even 36 months ahead of a sale rather than just before the business sale. For example, you may be operating on standard terms and conditions that you put together yourself when you started up. What are the duration of these contracts? Can your customers terminate early? This can be an important consideration for the buyer of a service-based business.

We can introduce you to other key advisers who you will need for a business sale, including merger brokers and tax specialists.  With the right team of advisers, we will help make sure you achieve your personal objectives, optimise the sale price and minimise your tax.

Our dedicated team, based in Witney, Oxfordshire, would be happy to answer your questions about selling your business.

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Having an experienced team gave us real peace of mind to concentrate on running the company as the sale process took place. The process was explained to me from the start so I knew what I was getting myself into. Everyman Legal project managed the deal which was valuable in ensuring that everything went to plan.