Ask any business broker about selling a business, and one of the first things they are going to ask for is documentation. Financial records are very important to any valuation, but there are many other legal documents and issues that need to be addresses, such as ownership interest, proper filing with the Secretary of State, the company’s by-laws and/or operating agreement, buy-sell agreements, and any employee agreements. If you are considering selling your business in the near future, contact me to set up a Bottorff Business Review.
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