Making the decision to sell your business isn’t easy in most cases. You need the process to be successful and profitable.
There is a lot that can go wrong throughout the process of preparing your business for a sale and closing. To make your life easier, you can opt to utilize fractional CPA services to streamline everything on your own time.
This service gives you access to expert advice while taking some of the pressure of selling your business off your shoulders. How can a fractional accountant help prepare your business for a sale? Let’s look at some of the ways this can be done.
Have A Valuation Performed For Your Business
Before you put your business up for sale, you need to determine what it’s actually worth. You might have an amount in mind that you would like to make off the sale, but it might not coincide with your company’s value.
You can contact an accountant through remote accounting services to receive an objective price point.
Certain business assets will be considered, such as what you own, what you owe, the stipulations of the sale, what’s included, etc.
An accountant can also take a look at the different aspects of your business to see what earnings have looked like in the past, the cash flow that comes in and out, upcoming expenses, and how market standards could impact your sale.
Deal Structuring When Selling a Business
There are a few ways that a business sale can be structured. Sometimes you’re trying to find someone completely new to take over.
You may also be looking to merge with another company, which is still considered a sale. There is also the potential to sell the majority of your stock ownership or equity.
Your fractional accountant will determine how your sale should be structured so you get the highest offer price possible without having to deal with ongoing legal issues or complications. It is likely that you haven’t structured your own business sale in the past, so it’s a good idea to have an experienced professional on your side throughout the process.
This ensures that you have an end date listed for your involvement in the company and receive the appropriate amount of money at closing.
Identifying Risks to Continued Profitability
Once you’ve received an offer for your business, a certain degree of investigative work needs to be conducted to determine if your buyer is legitimate and prevent you from losing revenue.
There is also a need to ensure that there is no risk that could impact your sale. Business practices and liabilities can be a major concern while trying to sell. Fractional CPA services can evaluate your risks and help protect you.
Sell Your Business With Confidence Today, With Financial Services From OSMEAC Solutions
If you’re looking for affordable, reasonable, expert fractional accounting services, contact OSMEAC Solutions.
We understand the importance of having an experienced accountant assist with selling your business, and we take this role very seriously. Our remote accounting services are convenient, affordable, and reasonable. We look forward to speaking with you.