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The Importance of the Right Deal Team Professionals When Selling a Business

Selling a business is a complex and often daunting process that often involves numerous moving parts. Having the right team of professionals by your side may make a significant difference. At Touchstone Advisors, we understand the expertise and support a seasoned deal team may provide to help to achieve a smooth and potentially successful transaction. Here’s why having the right deal team professionals could be crucial when selling your business.

Touchstone Advisors: Your Trusted M&A Advisor

As your primary guide throughout the sale process, Touchstone Advisors bring extensive market knowledge, industry connections, and negotiation skills to the table. Our role includes:
• Valuation Expertise: Work to provide an accurate assessment of your business’s worth.
• Marketing: Discreetly marketing your business to potential buyers.
• Negotiation: Handling negotiations in seeking to secure favorable terms.
• Deal Structuring: Advising on what we perceive to be the best deal structure to meet your goals.

Legal Advisor

A legal advisor helps to ensure that legal aspects of the transaction are handled correctly and that your interests are protected. Their role includes:
• Legal Due Diligence: Overseeing the legal due diligence and preparing necessary documentation.
• Contract Preparation: Drafting and reviewing contracts, agreements, and other legal documents.
• Compliance: Ensuring compliance with all relevant laws and regulations.
• Risk Mitigation: Identifying and mitigating potential legal risks.

Accountant

An accountant provides essential support in managing the financial details of the sale. Their responsibilities typically include:
• Financial Records: Helping to make sure that all financial records are accurate and up-to-date.
• Tax Compliance: Handling tax filings and compliance issues.
• Financial Analysis: Conducting detailed financial analysis to support the sale.
• Transition Support: Assisting with the financial transition to the new owner

Due Diligence Coordinator

A Due Diligence coordinator works to ensure that the many aspects of the sale process may run as smoothly and efficiently possible post LOI. Their responsibilities typically include:
• Coordinate DD teams: Works closely with all due diligence teams the buyer has assembled (legal, financial, environmental, HR, tech, and more)
• Communication: Facilitating communication between all parties involved.
• Documentation: Ensuring that all necessary documents are prepared and submitted on time.
• Closing Process: Overseeing the closing process to ensure a seamless transaction.

Wealth Manager

A wealth manager can help you understand how you can manage your assets post closing.
• Idea deal structure for your situation
• Family members/ gifting/ trusts
• Assess if post closing you will have enough to maintain your lifestyle
• Tax mitigation concepts

Conclusion

The right deal team professionals may be extremely beneficial when selling your business. Each member of the team typically brings unique skills and expertise that contribute to a potentially successful transaction. At Touchstone Advisors, we work with a network of trusted financial advisors, legal experts, accountants, industry specialists, and transaction coordinators to ensure you receive comprehensive support throughout the sale process. Our goal is to help you navigate the complexities of selling your business, maximize its value, and potentially secure your financial future. Partnering with Touchstone Advisors may help to ensure that you have the guidance and expertise needed to achieve your goals and make the most of this significant milestone.

The Importance of the Right Deal Team Professionals When Selling a Business

Why It’s Important to Discuss Your Exit Plans with Your Significant Other

Insights to Selling Your Business: Tips from M&A Experts

The Importance of the Right Deal Team Professionals When Selling a Business

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