Frequently Asked Questions

Below are some frequently asked questions we receive when clients are either buying a business, selling a business or planning for a buy/sell event.

Contact us or schedule an appointment where we can meet with you to discuss these questions and how we operate.

General

Do I really need an advisor to help me in the process?

How long does the process take?

Are their tax consequences to buying and selling a company?

Do I have to notify the city or state when I sell or buy a company?

How does Seck Advisor Group get compensated?

What are the most important points to negotiate over when buying or selling a business?

What information or documents should I bring to our first meeting?

Selling

What is my business worth?

How do you keep my business information confidential during this process?

What information will I need to share with potential buyers?

How do I know if this is the right time to sell my business?

If I sell my company, can I stay involved?

What happens to the current employees when I sell my company?

Can I sell my business if I have significant  of debt?

What role will the board, executive team, HR or employees play in the process?

Buying

How can Seck Advisor Group find me a business as opposed to me looking on my own? 

How do I determine what is a fair sales price for a business I want to buy?

Where can I go for financing to buy a business?

If I buy a business am I liable for its debt?

What is “due diligence”?

What risks should I be aware of in buying a business?