Seller Beware – Due Diligence Critical When Evaluating the Buyer for Your Business
By JoAnn Lombardi, Pres. VR Business Brokers
Normally when the buying or selling of a business takes place, the buyer only performs due diligence. However, smart sellers know that it’s a two-way street.
KNOWING THE RISKS
The seller has a lot to risk. Of course, if you sell your business for 100% cash, you risk very little. However, this is a rare scenario.
In performing due diligence, the seller should employ the same checklists as the buyer and ask equivalent questions, including areas of:
You want to make sure that your business is in capable hands. You want a buyer that will help grow your business.
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