| What about confidentiality?
This is the most important factor of all. We do it with 100% confidentiality
so no one in the business or outside the business knows a sale is
in process.
What happens when a buyer is interested in the business?
We require complete information on the seller's business. Similarly,
the prospective buyer must provide extensive information. The information
to be provided by a buyer is as follows:
- Financial information.
- Personal data and employment information.
- Sign a confidentiality agreement that the potential buyer will
not share the seller's business information with any person(s)
except with the buyer's CPA and his/her lawyer.
When a successful match occurs, we will introduce the two parties.
What is the closing process?
We at Regional Business Brokers, LLC recommend using a professional
closing officer. This improves the efficiency of completing the
business transaction. While an owner sells the business only one
time, the closing officer closes hundreds. The advantage of the
closing officer is that they represent the transaction and are unbiased.
It is very difficult, time consuming and expensive if either the
buyer or seller have their attorneys prepare the documents.
Let Regional Business Brokers, LLC coordinate the process of lien
searches, property tax settlements, offset agreements, security
agreements, abandonment of assumed names, documentation of incorporation,
settlement statements. There are a wide variety of documents which
are specific to each different transaction. The owner should prepare
the business for the transfer while the closing officer is coordinating
the preparation of the documents for the transaction.
Feel free to contact us for all inquiries.
We will contact you within two business days. All information
will be held confidential and will not be shared with any other
business entity.
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