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Business Exit Strategy Checklist 

Selling a business can be an extremely stressful yet exciting experience.  Whether you are considering your business exit strategy for personal reasons like retirement or a new venture, or as part of a management team that is likely to profit from selling at the right time, it is imperative that you are aware of what is involved in the sale process and have a strategy to approach it, before jumping straight in.

Exit strategy checklist

Our corporate and business lawyers specialise in buying and selling companies and businesses of different sizes across many industries, throughout the UK.

We have put together a simple ‘Top Tips’ checklist to help you maximise your business’ value whilst minimising risk during the sales process.  From thinking about selling to the completion of the sale, the following steps are summarised in our checklist and will help to guide you to formulate your strategy:

  1. Set clear objectives
  2. Consider timing
  3. Gain internal ‘buy-in’
  4. Use experienced advisers to help with the process
  5. Get your ‘party frock’ on
  6. Targeting potential purchasers
  7. Preferred buyer selection and due diligence process
  8. Documenting the sale
  9. Completion

For key points under each step, you can download the full exit strategy checklist here:

Selling Your Company/Business: Exit Strategy Checklist

Legal advice about selling a business

For advice about company and business sales, contact a member of our specialist corporate and business law team at our East Midlands head office in Leicester.  Call a member of the team to have someone answer your questions today:

Tim Gladdle: 0116 2045 304

Toby Preston: 0116 2045 330