At HLR, we help "idea people" become "business people." Whether it's navigating the export laws so that you can source a manufacturer in China, locking down your non-disclosure agreements for employees, or helping you prepare a pitch to venture capitalists, we specialize in covering the legal stuff you don't know you don't know.
This blog section was established to give you food for thought -- sometimes it's pending legislation, an interesting court decision or law suit, or advice about how to help your business thrive. Today's article, from the New York Times Small Business Guide, is a thorough primer on when to sell your business. There are a variety of issues about valuing and relinquishing control of your business you must consider, including preparing all the required documentation (and the "want-to-have" documentation) BEFORE advertizing. Speed is key, and selling a going concern is more like selling a house in a hot market than it is selling something on Craigslist. Be prepared to vet your buyers and have them vet you in a very short amount of time.
This blog section was established to give you food for thought -- sometimes it's pending legislation, an interesting court decision or law suit, or advice about how to help your business thrive. Today's article, from the New York Times Small Business Guide, is a thorough primer on when to sell your business. There are a variety of issues about valuing and relinquishing control of your business you must consider, including preparing all the required documentation (and the "want-to-have" documentation) BEFORE advertizing. Speed is key, and selling a going concern is more like selling a house in a hot market than it is selling something on Craigslist. Be prepared to vet your buyers and have them vet you in a very short amount of time.
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