Sale of Shares vs Sale of Business
In Show 068 – Sale of Shares vs Sale of Business originally broadcast on Facebook Live on Monday 5 March 2018 we explore this interesting topic.
In this edition of Fast Fix Monday we are going to preview this month’s phase of the Business Legal Lifecycle. Phase 11: Selling your business details a number of ways to do just that. All the other phases of the BLL will get you ready for Phase 11. At some point in time you are going to exit your business. Our goal is to maximize the price you can get for the business you’ve put so much work into.
One of the more popular way to sell the business is to sell shares in the business. When you were first setting up your business the structure you chose will have a big impact on how you can do this. If you set up a company that owns the business you can sell shares in that company. If you own the business as an individual you can only sell the business in it’s entirety.
Whether you’re buying shares or you’re buying a business there are different tax consequences. This is where your team of accountants and lawyers come into play. They will help guide you to deciding how best to structure your business initially.
On Wednesday we are going to offer a deeper dive on how the sales of shares works. Hope you join us then!
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.