e-Conveyancing Melbourne

Seller tips do not prevent your home from selling

It would be advisable to use at least one lawyer, an accountant, an appraiser, an investment consultant or a business sales consultant to make sure you get the price you want and things will go the way you want.

In general, businesses are sold turnkey, with assets and liabilities, with real estate and loans in progress. The value of a business under normal conditions is much higher than if you sold the business assets separately. In general, the value of a business is given by the profitability and size of the activity; of medium and long term prospects to obtain an appreciable profit.

Before moving on to the actual sale of the business, it would be advisable to have a sales strategy. It is advisable to draw up at least one action plan, to prepare in advance the steps necessary to capitalize on the business. Ideally, you should plan at least 1 year before the time of sale.

Tips for selling the company – business:
• Try to have a constant increase in turnover and profit.
• Accounting or other fireworks that reduce the taxable profit are not indicated. It is much better to pay a higher tax than to have a lower profit.
• Give up investments to increase profitability.
• Restructure the business in case you have more activities. Clarify the real estate situation if you have an unclear situation or use real estate registered on the individual.
• Try to get involved as little as possible in running the business. Potential buyers could be bothered if you get too involved in business management – if the company depends solely on your relationships and knowledge. At best, they may ask you to remain actively involved in the company.
• Hire a high-performance management team.
• Make sure that the accounting records are kept up to date and correct.
• Make sure you meet all legal requirements regarding employees, medical visas, labor protection, licenses and authorizations, etc.
• Try to conclude long-term commercial contracts
• Try to increase the number of customers.
• Register your intellectual property rights.

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