Steps in Selling a Business

Steps in Selling a Business

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial provides a comprehensive guide on selling a business as a going concern. It covers the initial decision-making process, valuation methods, identifying potential buyers, conducting due diligence, transferring ownership, and finalizing the sale with necessary legal filings. The tutorial emphasizes the importance of understanding different valuation approaches, the role of business agents, and the due diligence required to ensure a smooth transaction.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What steps are involved in transferring ownership interest during the sale of a business?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What legal filings are necessary when selling a business?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the covenants and conditions that may be included in a purchase agreement?

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