Reverse Due Diligence – How to Prepare Your Business for Sale
What is Reverse Due Diligence? Due Diligence is often thought to be conducted by the potential Buyer of a business together with their accountant, solicitor, and other professionals. Sellers may wish to evaluate their own business, however, before listing it
Buying an existing business – Advantages & Disadvantages
Buying an existing business may present several advantages over setting up a new one. Here are a few helpful hints from Interbiz Business Brokers to consider: Going Concern: Buying an existing business may provide some level of comfort as
Ask yourself these simple questions before buying an Australian business for sale.
Buying an existing business can be a great opportunity to build up an already successful business further, or to rehabilitate a business that may be struggling. Before starting on this adventure, ask yourself some questions about buying a business.
5 reasons why you should choose Interbiz Business Brokers to buy or sell a business
5 reasons why you should choose Interbiz Business Brokers to buy or sell a business. 5 reasons to choose Interbiz Business Brokers, be Smart and use an experienced, well-respected, honest and fully qualified business broker 5 reasons to choose Interbiz
Why selling your business on Gumtree might not be the best way to go
Selling a business is a complex proposition that requires professional help to avoid financial costs and legal issues downstream. Selling physical items on Gumtree is an excellent way for many people to dispose of those items. Selling a business
Due Diligence questions to ask before buying a business
1. Financial Information Supplied.
Who prepared them? Are they Management Accounts or actual Audited Accounts prepared by the Seller’s Accountant that will also be submitted to the Australian Tax Office?
Why not declaring cash sales is a bad idea!
Firstly, it is illegal! As a business owner, it could be tempting to take cash out of a business and not declare it on the financial records; but this constitutes Fraud and ultimately falls under the category of Tax Avoidance.
What is a Confidentiality Agreement and why have I been asked to sign one?
A Confidentiality Agreement (also often referred to as a NDA – Non-Disclosure Agreement) is a legal document that a Buyer signs or completes Online under the Electronic Transactions (QLD) Act 2001. The contents of an Interbiz Business Broker’s Confidentiality Agreement
Due Diligence – What Is It and How do You Perform it?
Due diligence is the process of using reasonable care in evaluating a business under consideration for purchase. It is performed by the buyer, often with the assistance of an accountant and a solicitor, after the buyer & seller have agreed