Distribution Business Broker - Your Responsibilities and Liabilities When Selling a Business

Hiring a distribution business broker will ensure you not only sell your business faster but also get the best value for it. Provided you hire an experienced broker you will be able to avoid mistakes that can delay the sale, use strategies that have been verified to yield the best results and also negotiate objectively among other things. Our team at So-Cal Business Brokers is committed to bringing these things on the table. We want to help you sell fast, sell to the right buyer and sell at the best possible price. We have been involved in the sale of distribution businesses for more than 20 years now.

Even with all our experience, you will still have a part to play in order to get the best results. One of the things we help you with is how to protect yourself against future liabilities in form of indemnities and warranties. Here are some of the things our distribution business brokers can guide you through.

Warranties

It is your duty as the business owner to provide legal confirmation to the buyer that the facts you have provided relating to the sale are accurate. You will have to guarantee that the financial information you provided to the buyer is accurate and all the assets you claimed to own really exist. The buyer will be able to file a legal claim if any of the information you provided is found to be incorrect. Regardless of how ugly the information is, our distribution business broker can help you present it to potential buyers in a way that doesn’t scare them off. We know how to properly package a business for the best results.

Indemnities

Indemnities are promises made to reimburse the business buyer for any loss that may result from specified future events. A good example is where you have to indemnify a buyer against penalties that result from VAT or tax inspections into accounts that are drawn before the buyer took over the business. Being able to give buyers these types of commitment will help sell at a higher price. Our job as your distribution business brokers is to help you understand what you stand to lose before agreeing to anything.

Responsibilities to staff

Last but not least you have to consider the affected employees. You need agreements in place to ensure there are no redundancies for the set period. Don’t forget about your legal responsibilities to your staff before you sell your business.

We want to help you sell your distribution business in a way that doesn’t lead to problems days or months down the road. Give us a chance to get you the best price and the best terms.

Distribution Business Broker

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