Ready to sell your business in 2012 – NOT SO FAST.

If you are considering selling your business in 2012, you need to consider the full sale process, from start to finish. Oftentimes, a business owner has so many other commitments and so little time, that they focus on the front-end of the sale process and work through the later stage of the process when the time comes. What we’re talking about today is why it is critical to consider the complete sale process at the outset and we’ll talk through some common mistakes and potential consequences.

Protect Confidentiality Before the M&A Process Begins

In a merger, acquisition or sale process, there are likely to be considerable volumes of confidential information that need to be exchanged between the buyer and seller. This is reasonable, normal and essential to a successful M&A process. Make sure, however, that anyone who is given access to any confidential information is bound by the terms of a comprehensive confidentiality agreement before they receive any information. In a professional sale process of a privately-held company, this should be before you even share the name of the company that is for sale.
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