The worst thing to happen during the sale of a business is for a buyer to identify a problem that the seller didn’t even know they had. That changes the negotiations because when handling indemnification, the buyer will request more protection to cover any additional items about which the seller may not be aware.  Do a deep dive into your business and identify issues. No business is perfect. Uncover problems, and correct them. The majority of the time spent preparing your business for sale should be done in the review, maintenance and clean-up of issues.

Buckingham M&A attorney, Michael Ellis talks about preparing your business for sale and the importance of uncovering any and all possible problems. This short clip is from a 60-minute webinar hosted by Strafford Publications.

Michael Ellis is a corporate and securities attorney with over 40 years’ experience.  He practices in the Cleveland office of Buckingham Doolittle & Burroughs, LLC. His focus includes the area of mergers and acquisition and counseling clients, including start-up and emerging growth companies, in equity, debt, and other capital financings. He also advises shareholders and partners in corporate formations and other governance issues.

About Buckingham, Doolittle & Burroughs:

Buckingham is a corporate law firm that counsels Middle Market executives and business leaders all over Ohio and beyond. With offices in Canton, Akron, and Cleveland, Buckingham offers clients Business Law Reimagined through sophisticated and practical legal services. Serving the region for over 100 years with nearly 70 attorneys, Buckingham’s mission is to deliver meaningful experiences through the practice of law, exceed expectations in terms of service, counsel and business sense, and to offer continuous value to the industries, communities and clients they serve. See all of our news and updates by visiting our website.