A lot of business owners rush into the selling process, without proper preparation before listing their business for sale. Here are the mistakes you can avoid when working with Gallagher & Krich, APC.

Bad timing
Decide when you want to sell your business and prepare it for that moment. Put your financial documentation in place, make sure your business is profitable, and deal with staff,
lease or any other legal issues.

Aversion to hire professionals
You might think you save money, but you actually give up all the benefits professionals – brokers, lawyers, financial consultants – can offer:

  • Prepare and run the sale process, from the financial and legal point of view;
  • Mitigate the risk of misrepresenting your business;
  • Maintain strict confidentiality – if the word gets out, the sale will negatively affect your employees, but also sales.

Rushed valuation process
Setting the price, before evaluating your business, increases the risk of being disconnected from the real market prices. Let the professionals conduct a thoughtful valuation and provide you a competitive position in the market.

Refuse pre-qualification of buyers
Sensitive information about your customers or pricing strategy might get in the wrong hands. Lawyers protect you with non-solicitation and confidentiality provisions and check the viability of potential buyers.

Failure to plan the transition process
Get your energy! The transfer work could take, on average, a few months. Also, there are forms and papers to be filled in: to announce the state about your withdrawal, to stop paying any future taxes, and to inform your partners and clients about the change.

Play smart if you want to sell your business. Contact us today!

Client Reviews

Jonas Y., Google

Rated 5 out of 5

If you need a “ Closer”, go see Troy. Troy has been one of the best attorneys I have ever worked with. I don’t typically give reviews but after the last case Troy helped me settle out of court, I won’t hesitate to use Troy again! Thanks for all you do Troy !

Jonas Y

Daniel E., Google

Rated 5 out of 5

I left a voicemail for Tom late Sunday evening and received a phone call first thing the next morning.

Tom was very quick to reply to any questions I had, and if he was caught up in a meeting, he was sure to return my call promptly.

Tom provided sound and logical advice, during a very stressful and uncertain time. At times I asked him to be more aggressive and was often met with the pros and cons of that decision, allowing me to understand the approach and thought process behind his strategy.

Ultimately he provided options for several paths for us to take, worked swiftly, and got us where we needed to be.

He reached out several times to check on my sanity and make sure I was good.

As someone with very high expectations, I would highly recommend his services. He provided expertise that proved to be successful, and also took the time to make sure I was emotionally solid.

Tom assisted with me with a 50% / 50% ownership conflict.

Daniel E

Bob W., Google

Rated 5 out of 5

What was thought to be a simple breach of contract turned into a nightmare. Through their tenacity and their deep knowledge of the law, we were successful. There is no reason to look any further as you will not get any better representation than this firm. I highly recommend them and strongly suggest that if you are considering starting a business or are already managing one, this firm will guide you, avoiding the troubled waters businesses sometimes find themselves in.

Bob W

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Contact Gallagher Krich, APC

Fax: 858-435-4369

30+ years of combined experience.