Things you need to know about selling your Small Business with Lauren Gross
EPISODE 55
Notes
Have you ever thought about selling your small business?
Whether you have a pottery business, restaurant, beauty spa or a training organisation, you can potentially sell your business on to someone else when you feel the time is ready. So it’s absolutely vital that you have all of your ducks in a row now to have smooth sailing in the future.
Today I’m chatting with Lauren Gross, an associate lawyer from Velocity Legal, about everything you need to consider when selling your small business. This type of sale is definitely not simple or straightforward so Lauren is here to help with her passion for solving complex legal issues and achieving amazing results.
We begin with Lauren taking us through the different types of purchasers acquiring businesses, when business owners start thinking about selling, what purchasers are looking for, and how a business is valued.
We then look at the practical steps involved after a business owner has made the big decision to sell their business. Lauren explores everything from finding a business broker, examining the market, doing the due diligence and investigations and ensuring that all of your business documents, contracts, employee agreements and paperwork are complete and accurate.
There can be very big consequences from providing inaccurate warranties in the business sale agreement, so Lauren takes us through how to avoid liability through honest and comprehensive documentation and how to find the right legal representation for you and your business.
This is such an important conversation for everyone interested in one day selling their business. Lauren is an absolute wealth of information, knowledge and experience and specialises in the business sale process so make sure you grab a pen and paper and tune in for all of her advice.
LINKS:
Register your interest in the Bookkeeping it Real Mentoring Program here >
Where to Find Lauren Gross:
About the
Author
Bec is a chartered accountant who worked at Australia’s big firms and banks for 15-years. Faced at a crossroads in her career, she backed herself, left her corporate job and launched Straight Up Bookkeeping. 3 years and 5 staff later, Straight Up Bookkeeping is one of Australia’s leading virtual bookkeeping businesses for creatives, with a mission to free business owners from financial stress so they can grow their empires.
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