Sale Communications Plan Template
To be able to successfully leave a business, there must be effective communication with the right people and choosing the right people to share this information with is one of the struggles of a business owner. The absence of good communication may result in the exit plan failing.
Sales Memorandum Template
When preparing your business for sale, you will want to present the most accurate, up-to-date information about the business for prospective buyers. Known as a selling memorandum, this document is a marketing piece designed to highlight all aspects of your business.
Purchase/Sale Due Diligence Checklist
Business owners seeking to sell their companies are well advised to first consider undertaking a due diligence investigation of the company. A thoughtful evaluation of the business before the sale process starts will make the process more manageable, efficient, and cost effective for a seller.
When selling or buying a business, use a Non-disclosure Agreement (NDA) or Confidentiality Agreement (CA) with buyer prospects to keep control of your proprietary information. It helps you protect your business secrets such as customer data and pricing.
A Letter of Intent is a formal document that is provided by the buyer after an initial period of due diligence has been completed. This forms the basis for a legally binding Business Sale Agreement. Make use of this template to draft your own letter of intent (proposal) to purchase a business.
A Purchase of Business Agreement, also known as a Business Purchase Agreement or Sale of Business Agreement, is used when an individual or corporation purchases assets or a controlling portion (all) of the shares from a company. It specifies everything related to the purchase, including price, payment plan, warranties, and more.
A Purchase of Business Agreement is used during a business acquisition or asset sale.
Bill of Sale Example
A Business Bill of Sale is a legal document that recognizes the sale and change of ownership of a business and all its assets. The Business Bill of Sale sets the terms for the sale, details key information of the buyer and seller, and acts as a key record of the final transaction. The Business Bill of Sale is needed and required whenever a business is being sold. The local and state governments need this document as proof of ownership for permits and other registration processes. If a Business Bill of Sale is not used, then ownership of a business may be questioned and disputed, among other legal ramifications.
This handbook is unique because it presents an extraordinary amount of technical, legal and transaction structuring information based on the expertise and experience of professionals with specific arbitration, litigation, structuring, negotiating, transaction and risk management perspectives. Although much of the material is highly technical, it is written to be easily understood and applied. The contents will be invaluable to buyers, sellers, investors, lenders, advisors, and many others.