Who Should Be on Your Team When You Sell Your Business?

Start assembling your advisory team three to five years before selling to ensure a smooth process. Begin with an exit planner or business coach to develop a clear strategy. Next, inform your CPA about your plans, as it may impact tax strategies and year-end planning. Work with a business intermediary to assess your company’s value and identify ways to enhance it. Consult a financial planner to explore wealth management strategies, such as a sales deferred trust. Finally, secure an experienced mergers and acquisitions attorney to navigate the legal complexities of the sale.