Thread: Business sale

I tried posting this question yesterday and it did not show up(?) so I apologize if this ends up a duplicate.

Hi:

I was involved in founding a start-up product development company in support of a product upon which we held several patents, which were secured in a buy-out from the patent holder. I am listed as the company founder of this company on the incorporation documents and have a lifetime appointment to the Board of Directors via the by-laws. At time of start-up and as the original investor and at the time largest investor, I hold a perpetual option to increase my holdings in the company.

As more investors became involved we created a formal Board of Directors and appointed one of our shareholders President of the company.

Several years ago I moved from the city in which the company was founded and maintained casual contact with the gentleman we had appointed as company President. During said period I continued to ask for updates on the company

Begin your preparation by gathering or creating all of those things that will need to
be put on paper.

If you don't already have them, start by preparing neat and professional looking
Financial Statements. Buyers want to see, in writing, how your business has performed.
You may also need to create a set of Recast Financials where you add back to the
bottom line all those benefits you took out of the business (company car, spouse's
salary, travel expenses etc.).

Next, you will want to gather up all your important documents and agreements:
contracts with suppliers and customers, leases, titles to real estate etc.
If your lease is about to expire, talk to your landlord now about an extension.

Yup that's true..!
Before starting any business one should do lot of ground work such as collecting all documents , getting your business registered etc. I believe one should also take the advice of success marketing people. so that we can avoid mistakes when developing our new business.

business sale depend on your market experience,and your market links " that is great!

One can increase Business sale by doing effective promotion of their product..

yeah,quite agree!

Well,First of all, you need to be ready with all the paper work. You would be needing all the proofs of the communication and the certificate intact with you.

You would be needing further advice from some attorney as this matter is sounding quite serious.

The business sales defends on your market share if you have a high share your sales will grow too

Before starting any business one should do lot of ground work such as collecting all documents , getting your business registered etc. !