How to Sell Your Company and Not Regret It
Companies are sold on a regular basis.
When is it the perfect time to sell yours?
Knowing when and the way to sell your company is considered to be one of the most overlooked areas of entrepreneurship.
They just don’t teach it in business school, or swiftly mention it in passing, as if such a thing is self-evident and could not probably want for any thorough examination.
One area that does attempt a more thorough look is accounting ethics.
Because of all the corporate scandals which are regularly in the news, many expert licensure boards throughout the country are now requiring ethics as a strong element of any continuing education credits earned.
Finding out how to legally and ethically sell your company has now become a matter that concerns your accountants also.
For it is the accountants who permit harassing practices which could mislead buyers or the public in particular.
The CEO of a publickt traded company could have his or her accountants make things look negative financially in readiness for a secretly planned takeover.
With things looking bad because of the use of accounting gimmicks although business is actually as sound as ever, the share price will decrease, permitting the company to be purchased at a great discount – with the CEO secretly rewarded to the beat of tens and even hundreds of millions of dollars.
Talk about knowing how to sell your company!
It isn’t only private investors that are ruined by such accounting shenanigans; think about one of the most frequent scams perpetrated on the basis of the theory that private companies tend to be more efficiently run than public ones: a public resource may be made to look inept and wasteful, leading to calls for its privitization.
The public officials in charge are then treated upon the finalization of the sale, and suddenly everything appears great again.
But things were never bad to begin with; it was only through accounting sleight-of-hand that finances could have looked troubled in any way.