When you decide that you are ready to sell your business, you need to make sure that your interests are protected. You have to think carefully about what you need and how to handle the situation. This is something that might need to happen quickly, but you can't rush...
Plan for the closing of a business in financial crisis
Coming to the realization that your business isn't going to remain open is something that is difficult to deal with. When you realize this, it is time to take stock of what is going on and take steps to protect your own finances. One thing that you have to do is to...
Helping your older relative with final business arrangements
A few weeks ago, we discussed the importance of succession planning. Anyone who owns a business should have a plan in place to pass that business on to someone else or appropriately close up shop at the right time. Most people don't want to work full-time, even in...
Colorado company might offer door to public market
Last week we discussed the topic of IPOs, or initial public offerings, and when and why a company might decide to go public. Economic factors and a company's perceived strengths or weaknesses can both impact whether a business can run a successful IPO, so it's not...
Do you know what an initial public offering is?
An initial public offering, or IPO, is one way that you can change ownership of your company and raise capital for growth or expansion. IPOs can be completed by companies of different sizes and are done for various reasons. Smaller companies tend to enter into IPO...
What does it mean to ‘go public’ with your company?
Going public is a phrase that is associated with offering shares of your company to the public for the first time. When you go public, stock in your company can be traded on the stock exchange, and it can mean an increased source of capital for your business. Going...
What should your business sales agreement include?
If you plan to sell your small or mid-size business, you'll probably enter into a sales agreement with the person or entity purchasing your company. The Small Business Administration provides a long list of items that should be covered by any such sales agreement....
What should you do if you want to sell your business?
If you want to sell your small business, there are some common steps and considerations that can help streamline the process. While every situation is different, and you should always work with professionals who can help you ensure all details are considered, these...
Do shareholders get to vote on mergers?
Corporate entities have a number of obligations to shareholders. After all, these are the people that have invested in the company, and they usually didn't do so out of the goodness of their heart. They want to see a return on their investment, and are usually...
Understanding taxes when you sell a business
When you sell a business, there are many details to consider. The way you transfer all of the assets to someone or some other agency is important, and you want to limit your risk and liability as much as possible while maximizing the revenue from the sale. Often, a...
