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Ten questions buyers ask during due diligence

Ten questions buyers ask during due diligence

When a buyer is interested in your small business, they will want to engage in a thorough examination often referred to as the due diligence process. Whether you plan to find a buyer for your small business or plan to sell to a business partner, employee or a family member, the due diligence process is a crucial step. If you need a refresher on just what due diligence means, just click here.

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Selling A Small Business And Tax Considerations: What Sellers Need To Know

Selling A Small Business And Tax Considerations: What Sellers Need To Know

When selling a business, the purchase price is determined by the separate values of the various assets and liabilities acquired from the transaction. What does this mean? In a nutshell, this means that when you negotiate a sale price for a business, you and the buyer must agree as to what portion of the purchase price applies to each individual asset, and to intangible assets such as goodwill.

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