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Selling a Small Business: 7 Tips for a Successful Sale

Written by Zana Tomich on November 13, 2019 Category: Asset Acquisition and Sales, Business Law & Transactions, Small Businesses

If you’re interested in selling a Detroit small business or a closely held operation based elsewhere in Michigan, you know that it’s not something you can do on the open market. Finding an interested buyer for your small business is half the battle. The other half is closing the sale. And without proper counsel, it can be a real challenge to complete the sale successfully.

In this video, Detroit business attorney Zana Tomich discusses seven things business owners can do to successfully sell a business based on her experience assisting business owners in Detroit and throughout Michigan. She discusses the importance of corporate documents and books, accounting practices, existing contracts, price computation, titles, structuring the deal and more.

Zana leads the Business and Employment Law practice at Dalton & Tomich, PLC. Contact her at 313.859.6000 or click here.

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The attorneys of Dalton & Tomich, PLC have the experience and the knowledge to work with you to develop a legal solution that helps accomplish your goals. Our collaborative approach has helped leaders like you grow businesses and banks, develop and expand churches, and build nonprofit organizations nationwide.