Selling a business is a lengthy process, and during this time you as a seller needs to be cautious throughout the entire process. This means making important decisions concerning the sale and making sure those decisions are the right ones to make beforehand.
Throughout the sale there will be various things to determine, which includes the following: Will seller financing be offered, will the business be sold entirely or as assets, will any assets be kept by the seller, will a majority stake be kept by the seller, and will a year of transition time be put into place after the business is sold?
It will help the buyer to do due diligence by inspecting all aspects business operations. It may also help to make sure that all contingencies are removed or at least taken note of. Also, remember to remove assets that are your personal property before finalising the sale.