There comes a point in the life cycle of any company when the company's owner might consider selling the business off to generate some funds for themselves and to move on to the next chapter of their lives. There is nothing wrong with that. It can be seen as the ultimate sign of success to finally reach the point where one can offload their company into the hands of someone else who wants to run it. That said, there are certain steps that must be followed to the letter to get this done properly. Let's look at some steps that anyone looking to sell their construction company should follow. 

Company owners who are interested in liquidating their business but aren't sure where to turn ought to consider the potential virtues of an ESOP. This is an option for selling off their business that they might not have previously considered. However, the virtues of doing so are difficult to deny. This is why we want to take an in-depth look at the immense value that can come with making this choice while liquidating a business. 

If you are a cash-strapped business owner or want/need to sell your small business for other reasons, you might wonder if your existing SBA loan might impact the sale. The quick answer to the question, "Can I sell my business if I have an SBA loan?" is YES. However, there are certain considerations that you need to make to avoid violating the terms and conditions of your loan. Here is what you need to know about SBA loans and how to sell your business if you received the loan but have not paid it off.

Selling a business involves complex financial considerations, especially regarding taxes. Understanding the tax implications of selling a business is crucial for owners, as these factors directly affect the final proceeds of the sale. Sellers can make informed decisions and potentially reduce their tax liabilities by learning how the sale of a business is taxed and leveraging expert guidance.

Selling a business is a significant decision that requires careful consideration. Many business owners ask, "Is now the right time to sell?" That’s a harder question to answer than it might seem. If you’re considering selling, make sure to consider all the factors before you do. This guide will help you fully understand everything that’s at play when choosing if and when to sell your business.

Selling a business requires a strategic approach and meticulous preparation. For business owners, the journey involves understanding the process, compiling key documents, and following a structured plan to maximize outcomes. This selling a business checklist offers a step-by-step guide to navigating the process, from assessing your business’s value to finalizing the deal.

In this guide, explore the pros and cons of selling to a private equity firm, what typically happens post-acquisition, and how Purpose Equity’s tailored advisory services support business owners through every stage of the process.