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Top 4 Considerations When Selling or Closing a Business
Recorded Webinar
Duration: 1 Hour Language: English View webinar Viewing this webinar requires some basic information. This data is only used within SCORE and will not be distributed to any third parties.
About the event

Selling or closing a business is a unique time for business owners. It could mean a big payout and significant transition for the business owner, employees and customers.

In this webinar, CEO of MyCorporation Deborah Sweeney will present key legal and business considerations when selling your business.

The webinar will cover these factors:

1. Is your business in good standing?
    -Have you managed your legal documents properly, maintained insurance and
     business licenses?
    -Consider evaluating the current status of your business filings as part of your next steps in
     selling or closing your business.

2. Evaluate the intellectual property and goodwill value.
   -Have you protected your intellectual property?
   -What goodwill value do you have in your business?
   -What is your customer base and value of partners?

3. Is this the right time and will you get the right price?
   -Can you pay outstanding debt, if any?
   -Evaluate other competitors in the industry–determine value and opportunities
    for sale/consolidation.

4. Communication is key.
   -Make sure to communicate with your employees about your strategy and next steps.
   -Ensure the time is right to share details with customers and/or partners.
   -Ensure the acquiring party understands next steps to maintain a smooth transition.

Download the webinar transcript.

About the presenters
Deborah Sweeney
Deborah Sweeney is the GM & VP, Small Business Services at Deluxe Corporation. She is an advocate for protecting personal and professional assets for business owners and entrepreneurs.
Read Deborah's full bio
1165 Herndon Parkway, Suite 100
Herndon, VA 20170

Copyright © 2023 SCORE Association,

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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