Business Sale Preparation Checklist
Free 5-Year Roadmap
The Business Sale Preparation Checklist for Illinois Business Owners
Start preparing now to maximize your sale price. This comprehensive checklist helps you organize everything buyers will scrutinize.
The 5-Year Sale Preparation Timeline
Year 5
Foundation Building
Financial records cleanup, entity structure optimization, key employee retention planning
Year 3
Value Enhancement
Contract review and assignment clauses, customer concentration reduction, systems documentation
Year 1
Sale Readiness
Due diligence preparation, valuation, tax planning, confidentiality protocols
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Inside the Checklist:
- 5-year timeline with month-by-month milestones
- Financial records preparation requirements
- Legal entity cleanup procedures
- Contract review and assignment checklist
- Employee and customer retention strategies
- Valuation enhancement tactics
- Tax planning basics for Illinois sellers
- Due diligence document preparation
- Cook County and Illinois-specific requirements
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