Are you considering selling the company? It is a process that takes a long time and more energy than is often thought. We fully understand that the sales process can sometimes feel complicated with everything related to share transfer agreements, Letter Of Intent (LOI) and Due Diligence (DD). We therefore want to outline the sales process, tell you what is important for Hammarviken in our process and share some important tips on how to prepare your company for a sale.
Tips on how you can prepare before selling your company:
Prepare both the company and yourself as an owner
Often, the time when you sell your company is a very busy period for both management and owners. Make sure to prepare daily operations so that they can run as usual. Prepare management and put together a small group responsible for the process and keep that group tight.
Make the company person-independent
Owner-managed companies are often very dependent on one or a few people. It can make it easier for you if you make sure to spread the knowledge so that you are not dependent on a particular person.
Order and order
Keep everything administrative in order. It is of great advantage when sälja bolag that you show in a Due Diligence process that you have a grasp of figures, papers and possible risks. Feel free to take the help of an advisor, but make sure that you are always in control of the process.