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Architecture Guide
Cost vs. Value Report
Good Neighbor Awards
Handouts for Customers
Top 100 Companies
Take a Quiz
30 under 30
Young Professionals
REALTOR® Emeritus |  | CLOSING-YOUR-BUSINESS SALE | | ||
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|  Are You Ready to Retire? Retirement Budgeting Sources of Retirement Income Tax-Deferred Savings Vehicles Estate Planning Selling Your Business Getting Your Business Ready for Sale Working With a Business Broker Closing-Your-Business Sale More Resources: Retirement Planning | 10 Things to Include in Your Sales Contract 1. Liabilities assumed by the buyer 2. Sale price and terms 3. Leases and contracts for offices and equipment 4. Exclusions from the sale 5. Seller warranties and covenants 6. The legal ownership structure 7. The working relationship between the new owner and the previous owner 8. Goodwill, phone numbers, logos, operating systems, assumed business names, rights to assume 9. Rights to solicit active listings 10. Assets included in the sale —Ron Schmaedick, CRB, president of Schmaedick & Associates Inc., Eugene, Ore., in Real Estate Business, Fall 1995 TIP: Include language in the sales contract that limits the amount that can be collected and the time frame for raising an indemnification claim by the buyer. —James Thomas, Minor & Brown P.C., a Denver-based company that specializes in exit strategies and business planning for privately owned businesses 6 Tips for a Smooth Transition > | |