Are you selling the company? Download the list of things you need legally address

If you want to sell a company without making unnecessary mistakes, it's always a long-term process. However, there is a way to simplify the entire process and avoid running into legal complications. That's why you can download our list of things you need to do before selling your company.

It's not just about numbers and contracts, it takes complete preparation, planning, strategy and a vision of how you want to live after the sale.

💡 You can download the legal checklist at the end of this article.

Can you already see yourself in the Bahamas? 🌴

As an entrepreneur, you invest your whole life into the company and moving to a new stage is a significant change – that’s clear.

Think about what you want to do after the sale and have a vision. With a clear plan, everything becomes easier.

Do you need help selling your company? Contact us.

If you had to buy your company, would you? Try to put yourself in the buyer's shoes and conduct an internal audit.

Take a close look at areas such as digitalization, marketing, and IT. At the same time, compare yourself with the competition and assess whether your company is ready for current trends—such as AI.

The sale of the company was discussed in detail in the webinar. Watch the recording to learn everything.

Pre-due diligence? We’ll take care of it. 💪🏻 

Legal pre-due diligence (the legal review that precedes the actual due diligence by the buyer) is an integral part of the preparation for the sale of a company. We recommend clients conduct this legal due diligence before a buyer steps in. Don't see it as a necessary evil, but as a great opportunity to uncover hidden issues.

A legal audit will thorougly review the company in various areas:

• Corporate documentation: make sure all your documents are up-to-date and properly archived. Do you have properly approved and published financial statements?
• Intellectual Property: Verify that licenses, trademarks and other rights are actually owned by the company.
• Labor law: make sure you have the right contracts with employees and external collaborators.
• Financial documentation: transparent financial statements and properly recorded receivables and payables are essential.

Find the right buyers 👀

Buyers often seek more than just financial gain. Your sales pitch should reflect the values your company can bring, whether it's market access, unique know-how or an experienced team.

One recommended strategy is to create a "long list" - a list of potential buyers who are interested in your type of business. This list can include companies in your industry, as well as financial and strategic investors.

We have a lot of experience in finding buyers. Let our partners at Tack Room Capital handle the transaction.

Can I go to the Bahamas yet? Negotiation and closing.

Don't let the buyer shake you! They will try to lower the price, but with well-prepared answers and documentation, your position will be much stronger (we’re happy to help).

Then comes the grand finale—the signing of contracts. Make sure to confirm the financial offer and other conditions, such as the retention period of the original team and the preservation of company culture.

Stay calm and download the checklist of things you should resolve before selling.

Selling a company is not an easy thing to do, but with proper preparation and the right people by your hand, you can manage it. Focus on what makes your company strong and have a clear plan and vision. We are experienced in complex company sales, and we will guide you through all the steps without stress.

DOWNLOAD: List of things you need to legally handle before selling