Gather your Financial Information
When you’re trying to sell your business quickly and efficiently, transparency is key. Potential investors want to see clear, clean books that give them confidence the company is strong and that there are no soft spots that they are going to discover later after the deal is done. You can build trust and project transparency by having at your disposal and ready to present to potential buyers things like:
- Federal income tax returns (at least three years’ worth)
- Year to Date Profit and loss statement plus three years’ historical information
- Lists of inventory, equipment, and other hard assets
If you don’t have one in-house, a qualified professional accountant can look through your books and identify any red flags before you sell your business. Luckily, our business brokers have the professional expertise to help you with your financial assets and ensure the selling process remains confidential and effective.