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In Part IV of our blog regarding the sale of a business, we take a moment to focus on the need for the seller/business owner to shore up his business management infrastructure. For many closely-held businesses, this is an area in which sellers and purchasers alike are...
In Parts I and II of this blog series, we touched on how important it is for the seller/business owner to begin putting in place a more sophisticated financial reporting “backbone” at least 3-5 years in advance of any sale transaction. In Part III, we focus on the...
In Part I of our blog series, we emphasized the importance of establishing sound financial statements as a pre-cursor to the ultimate sale of a business. However, merely having good financial statements is not, in and of itself, enough. Understanding the financials...