What Professionals Can Help Business Buyers and Sellers?
Whether you’re buying or selling a business, you’ll find that you will benefit from a team of professionals working on your behalf. At Inbar Group, it will likely come as no surprise that we strongly advocate working with one of our business brokers when you’re looking to buy or sell a business in New Jersey, Connecticut, New York, Maine, Vermont, or Pennsylvania. Every day our seasoned professionals guide buyers and sellers through the process from start to finish. So, if you are looking for a business broker in Fairfield County, CT or in any of the other cities and states we serve, reach out to us by phone or email.
Whether it’s understanding the value of your business when you’re selling or helping you with putting your offer together, negotiating and closing the deal, our professionals will ensure that you achieve your goals. Let’s take a look at some of the other people who can assist you throughout the process.
Legal Professionals
There are a wide variety of legal issues to consider when you get ready to sell. This includes everything from creating legal documents to managing documents like tax records and sales receipt. The most pertinent issues tend to involve debts and the property itself.
While your business broker will assist with paperwork and contracts, in most cases it will also benefit you to work with an attorney. A lawyer will also understand the business laws impacting you. Some will vary depending on where you are based.
An attorney can also help you during the due diligence process, as you will want someone to ensure that the business you’re buying is completely intact from a legal perspective. They will draft contracts and ensure that the arrangement is beneficial for both parties.
Ultimately, a lawyer will want to protect you from liabilities whether you are buying or selling a business. They will think about potential legal issues and litigation. In some cases, you may also need your lawyer to contact the state officials, get licenses, or file certain documents. In some cases, you may have the specific need for a real estate attorney.
Accountants
Bringing in an accountant who is well versed with buying and selling businesses is a smart move. These professionals will assist you with financial data and running the numbers. They can also help analyze reports. If you’re in the market to buy a business, accountants can talk to you about the equipment essential for running the business and whether it is best bought or leased. They can also compare and contrast future and past data in order to understand the business better.
Often business owners do not keep immaculate records. When it comes time to sell, an accountant can be invaluable in helping you get your books and records in proper order so that they are as attractive to prospective buyers as possible. If you are selling your business, you will want to gain a firm understanding of the taxes that will impact you. A CPA will help you understand if it’s possible to lower that tax burden.
On the other hand, if you are buying a business, your accountant can help you make sense of the numbers and understand a businesses’ potential. Our brokers can also assist you with this part of the equation, but most buyers also have a trusted accountant on their team.
At Inbar Group, we have established relationships that will help greatly when it comes to buying or selling. Many specialize in certain regions or industries. So, for example, our business broker in Fairfield County, CT could introduce you to trusted advisors throughout Fairfield and the rest of the state. If you are planning to buy or sell a business in New Jersey, Connecticut, New York, Maine, Vermont, or Pennsylvania, we can introduce you professionals in your region. When you reach out to us, we can introduce you to a team of trusted individuals including accountants, lawyers and other advisors.