Selling a business: 22 FAQs

To view the full contents of this page please take a few moments to register for free. If you're already a registered Donut user, log in here for full access.

1. Am I free to carry on running the business as I choose until the sale is completed?
2. Can a buyer pull out after signing heads of terms?
3. Do I have to tell the buyer about any business problems I am aware of?
4. How can I limit my liability under the warranties I give?
5. How can I make sure my advisers work well together?
6. How can I minimise my tax liability on the money I receive from the sale?
7. How can I protect myself while the business is being marketed?
8. How do I market my business?
9. How long will it take to sell my business?
10. How much will it cost to sell my business?
11. How much will my business be worth?
12. Should I give my preferred buyer an exclusive negotiating period?
13. What advisers will I need?
14. What alternatives are there to an immediate cash payment and should I be prepared to accept them?
15. What are heads of terms?
16. What do I need to find out about buyers?
17. What happens on completion?
18. What role do I have in the buyer's due diligence?
19. What warranties and indemnities will I need to give?
20. Who should I sell my business to?
21. Will I have any responsibilities or liabilities after the sale?
22. Will I have to sign any covenants or other agreements?

To view the full contents of this page please take a few moments to register for free.
If you're already a registered Donut user, log in here for full access.