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The Role of Professional Advisors: Accountants, Lawyers, and Brokers in Guiding Financial Choices for Buyers and Sellers

Sun Acquisitions

In these intricate financial landscapes, professional guidance becomes invaluable. Accountants, lawyers, and brokers are pivotal in helping buyers and sellers make informed decisions that safeguard their economic interests. Accountants: The Financial Architects Accountants are the financial architects of any transaction.

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What Does a Business Broker Do?

Lake Country Advisors

If you’re considering buying or selling a business, you’ve likely come across the term “business broker.” ” A business broker facilitates transactions as a middleman between sellers and buyers. Why Do You Need a Business Broker? One of their key responsibilities is finding qualified buyers.

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What Documents Are Needed To Sell A Business?

Sun Acquisitions

Financial Documents Needed to Sell a Business. Personal Financial Statement (to be completed by buyers). Internal Profit & Loss Statements (dating back two to three years). Accounts Payable Reports. Financial documents will be overseen by the finance team and legal documents by the attorney.

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Anatomy of a Stock Purchase Agreement

The M&A Lawyer

” It also sets forth the purchase price, any purchase price adjustments (such as an adjustment to account for variations in target net working capital at closing ) and documents and other things that must be exchanged between the parties at closing. financial statements. accounts receivable and accounts payable.

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Intro to M&A Representations and Warranties

The M&A Lawyer

Reps and warranties may address a broad variety of subjects, from the target’s legal existence, good standing and financial statements to the buyer’s ability to finance the transaction and comply with its obligations under the agreement. financial statements. accounts receivable and accounts payable.

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What are the best practices for negotiating a business sale?

Lake Country Advisors

Account for market conditions. It should cover financial statements, asset inventories, market analysis, and profit forecasts. Choose Business Brokers Effectively. Choosing the right business broker can dramatically influence the outcome of your business sale. Prepare documentation. Seek the help of professionals.

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5 Red Flags to Avoid When Buying a Business

Lake Country Advisors

However, it also comes with its own set of challenges, especially regarding legal and financial complexities. Engaging experienced business brokers can significantly aid in this process. Unexplained losses or discrepancies could suggest accounting errors or attempts to conceal financial issues.