Selling a Business
Some of the things you have to consider before you Sell (Exit) a business are discussed here.
Let us help you develop an exit strategy
Most life science startups aim to be acquired by larger corporations. Consequently, Exit Strategies are crucial for startups. Preparing for a sale should start from day one so that it goes smoothly for everyone. Whether you are preparing to hire a M & A firm or hope to be acquired by a strategic partner, our assistance could be invaluable.
We provide Two hours of initial consultation FREE of cost to you
Selling a Company Strategically
Some Things To Consider
1. Documentation What records need to be maintained from inception? Are you ready for due diligence? Is the D2R2C Plan or something
similar in place?
2. Regulatory Approvals: Does your technology (products) necessitate approval from agencies such as the USDA or FDA? Do you have data that is collected for such approvals?
3. Financials: Are all necessary financial documents (P and L statements, Balance sheet etc.) easily available? Is there a good accounting package being used? Have all taxes been filed and are all documents available?
More Things to Consider
4. Legal: Are all legal documents from corporate minutes to incorporation papers etc. readily available? Is there a corporate attorney?
Note: Any agreements as well as even any NDAs signed have to be available.
5. Intellectual Property Portfolio: Have all patents been filed? Are all trade secrets documented? Has trade marks, trade names etc. been registered? Is there a patent attorney available?
And lots more........
“By failing to prepare, you are preparing to fail”
Benjamin Franklin
Let us help you be prepared!