Business Broker Guide

Jeff asked:


Hi, I have a small business and would like to sell it without the use of a broker as most I have talked to are around 10% commission. What forms will I need and what is the best way to get them? Thanks!

Fahad S asked:


We have a small retail business that my father runs. The business is currently under my name but now I’m buying a house and because of the mortgage, I would now like to transfer it to my father’s name.

So question is how can I legally transfer the business to his name? I don’t want to go through a broker and take it through escrow, etc. Please help…

About the business: its a clothing store, location is in a mall, rented. All store information is under my name.

Thanks in advance.

ChgoLake asked:


Hello,

Do you have any tips on selling my business. I own a small deli in a residential area that has been for sale for about 3 months. How long does it usually take to sell a small business and am I better off listing it with a broker. Actually I do have it listed with a business broker, but so far he’s only brought by 1 person. Thank you for reading this.