Welcome to our Blog page that gives entrepreneurs helpful information on buying or selling a business. Playbook Advisory is your go to source for information on mergers and acquisitions since 2016.
As we enter the new year, it's the perfect time to start planning your exit strategy. At Playbook Advisory, we specialize in helping business owners like you achieve successful sales and smooth transitions.
Why Partner with Us? We understand the complexities involved in selling a business. Our expert team provides tailored support throughout the process, ensuring that you receive the best possible outcome and valuation for your company.
Read MoreNavigating the future of a business with multiple owners can be fraught with uncertainty and potential conflicts, particularly when it comes time to sell. A buy-sell agreement acts as a safety net, ensuring that all owners have a clear and mutual understanding of how a business will be valued, and the terms under which shares can be sold or transferred. This legal document is not just a formality; it's a critical component of business planning that can prevent costly disputes and ensure the stability of the business through major transitions.
The costs of drafting a buy-sell agreement are a prudent investment in the longevity and health of your business. Depending on the complexity, legal fees for a comprehensive agreement typically range from $2,500 to $10,000—a small price to pay for the security and clarity it brings to your business operations. Remember, the absence of a buy-sell agreement can lead to much higher costs down the line, both in financial terms and in lost time and opportunities.
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