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If you're selling, the broker may also charge a retainer fee to cover costs associated with marketing the business. Unless you have extensive knowledge of the market and a lot of time to do the legwork, a broker may be your best bet.
A broker will help:
Any time a business is purchased by anotherbusiness it's wise to involve the right financial persons. Business brokeragesare able to handle all aspects of a business sale or merger to benefit bothparties. The legalities involved in selling a business can be quite confusingeven for a successful business owner. Because selling a business is not what hedoes every day he needs a professional who knows the ins and outs and who canmake sure that every part of the deal is on the up and up.
A business broker specializes in putting togetherdeals for businesses to be bought and sold, or merged. When you considerselling your business or acquiring another business it's important to contact abrokerage that knows how to handle the process. Your financial manager mayoffer suggestions, a loan officer can arrange financial information but theactually purchase or sale of your business should be handled by someone who isneutral in the negotiations and who can understand and work with all thedifferent aspects involved from legalities to employees.
Please feel free to use the list of links compiledby Business.com on the left side of this page to find professional business brokerages to help you with your sale, purchase or merger.
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