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For most of the more than 15 million small business owners in this country, selling the business is the most important economic decision they will ever make. How and when to do so can make all the difference in reaping the benefits of years of hard work. This revised and updated second edition, two specialists take the reader through a step by step process, from how to determine when the time is right to sell -- both from a personal and financial viewpoint -- to negotiating the final terms. Authors use examples based on actual businesses to illustrate the sales process and to show how individual business people dealt with the complex issues involved. An appendix includes a sample purchase agreement, confidentiality agreement and other essential documents.
