There are numerous issues owners face when considering a sale of their business, which is why it is imperative to prepare for the sale well in advance. If owners are considering a transaction, they can plan for a potential sale by identifying areas of the business to focus on, having clear, supportable financial information, and identifying a team of professionals who can assist with the transaction. It is very important for owners and management to be able to clearly articulate their business to prospective buyers.
What areas will be important to a buyer? Who should be involved to assist business owners with M&A transactions? Richard Snyder, Director, Audit & Accounting, answered those questions and more in this article for Philadelphia Business Journal.