New Haven Legal Blog

Be Careful with Employee Terminations When Selling Business

30
November
2014

When it comes time to sell your business, there are hundreds of different things to think about: Gathering tax forms, putting together financial statements, minimizing the company’s reliance on you, streamline and document processes as much as possible, etc. One of the things that is often far from the top of the list is considering […]

Posted in Exiting a Business, Sale of Business |

PetSmart Approves Sale of Business to BC Partners

23
November
2014

If you’ve ever had a pet in your life, then you are undoubtedly quite familiar with PetSmart, the giant national pet store chain, where millions of Americans go every year to shop for their pets. Well, it seems that PetSmart might find itself under new management pretty soon, if a proposed sale of the company […]

Posted in Sale of Business |

How Do I Know When to Sell My Business?

19
October
2014

In this blog, we have talked about many of the different aspects around selling a business, such as how to get started, good first steps to take, where to start looking for buyers, etc. One very important question we have not covered yet is knowing when to sell your business. Timing can be crucially important, […]

Posted in Sale of Business |

Selling My Business: How Focused Should I Be on Profitability?

05
October
2014

When you’ve made the decision to sell your business, there are quite a few things that need to be done in order to maximize your selling price. Most of them revolve around making the decision as easy as possible for your prospective buyer, and chief among those is making your business look as profitable as […]

Posted in Sale of Business |

Attracting Buyers, Then Kicking Them to the Curb?

28
September
2014

There are many ways to sell a business. You can more-or-less transfer ownership to a close friend/family member, you can accept the first offer you receive, you can keep it on the market for years while fielding offers and continuing to grow, or any number of other tactics. One of the weirder tactics ever seen […]

Posted in Sale of Business |

D.I.C.E. – The Story Behind Exiting a Business

21
September
2014

Forming or starting a business can be a great learning experience for many people, as it requires you to start something with a plan for how it ends. That is, as popular author Stephen Covey would say, “Begin with the end in mind.” What that means is that any long-term successful business needs to have […]

Posted in Exiting a Business, Sale of Business |

How Dependent on You is Your Business?

14
September
2014

When it comes to selling a business, there are many factors that play into how much a business is worth, and how eager prospective buyers will be to put in an offer. There are many obvious ones, such as size of the customer base, stability of employees, age of technological equipment, etc. One of the […]

Posted in Sale of Business |

Patience is a Virtue When Selling a Business

07
September
2014

The decision to sell a business is likely going to be fraught with uncertainty  and emotion, and plenty of time taken to consider all possibilities and options. Some people just up and decide to sell their businesses, but far more likely, the decision-making process is months or even years in the making. Certainly a well […]

Posted in Sale of Business |

Selling a Business? Show Your Paperwork

17
August
2014

The road to selling a business is always long. Usually feelings will start to build up over time, and ultimately, when someone finally decides to go forward with a sale, they tend to have had it on their mind for a while. Depending on how long you have been thinking it over, you may have […]

Posted in Sale of Business |

What Will I Do After Selling My Business?

10
August
2014

For many entrepreneurs, the main goal they’ve held onto through the years of hard work and stress, and in their loftiest dreams, is being able to sell their business for a big profit and relax. Often times, though, once that point approaches, panic sets in. Years and years (even decades) of your life have been […]

Posted in Sale of Business |