your Business?
(15 May 2007)
Attempting to realise the value of your Business and to reap the benefits of all the hard work you have put into building it over the years can be a complicated and traumatic experience.
Be prepared for a long drawn out time consuming process involving a considerable amount of negotiation, proposals, counter proposals and bargaining.
Before, embarking on such a process there are a number of issues which you might give consideration to and which include:
How is your Business to be valued? There are a number of different criteria which must be considered.
Do you wish to separate some of the assets? For example you may wish to hold any existing property portfolio.
Most sales include an earn out provision. How much control can you maintain over your ability to reach the required targets once you have sold?
Very detailed and lengthy legal documents are involved. It is important not to loose sight of the overall objectives, aims and targets. Take care therefore when completing the initial Heads of Agreement.
Are your key employees tied in as best possible?
Consider the warranties to be given. For example are there any legal cases or Taxation issues.
It will be important to take Taxation advice from a Taxation Expert.
For further information please contact Patrick Donaghy & Co, 13/16 Dame Street , Dublin 2, Ph: 00353 01 679 4165