Question
How to finance the sale of my business?
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3rd Dec 2009 by Gary
The seemingly obvious answer to this question is to finance the selling of your business through the buyer, who would have to prove themselves able to raise the needed funds. while this is true, another highly successful way savvy business owners sell their business is through financing it themselves. In other words, they allow the buyer to make payments, while making tight restrictions on inventory and other factors which ensure they must keep them at certain levels so the business isn't run into the ground. Owners that do this make much more money over the long term, and usually do much better on taxes as a result. The key is in making sure you have ironclad guidelines the buyer must follow or you can take the business back from them.
The seemingly obvious answer to this question is to finance the selling of your business through the buyer, who would have to prove themselves able to raise the needed funds. while this is true, another highly successful way savvy business owners sell their business is through financing it themselves. In other words, they allow the buyer to make payments, while making tight restrictions on inventory and other factors which ensure they must keep them at certain levels so the business isn't run into the ground. Owners that do this make much more money over the long term, and usually do much better on taxes as a result. The key is in making sure you have ironclad guidelines the buyer must follow or you can take the business back from them.
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21st Oct 2009 In Finance
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