Greetings!
I hope you enjoy this issue of Business Broker Insights. Whether you are a business owner, banker, lawyer, CPA, financial consultant, advisor or entrepreneur, hopefully you will find these articles of interest and benefit. Please feel free to pass this newsletter on to others that may also be interested, and let me know if you have any questions or if I may be of any service.
B. Reagan McLemore III 
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Consulting Services for Business Owners
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Proper preparation of a business for sale can be a time consuming effort, even when the business owner says that he is ready. A realistic time frame for this activity could easily range from one month to one year. As a service to the business owner considering a future sale and/or retirement, but who perhaps is not quite ready to do so, McLemore & Associates will provide a range of consulting services, with the basic service including all or any part of the following:
- An evaluation of the management structure and recommendations with respect thereto;
- An evaluation of the physical plant and facilities (inside and out, including necessity of third party registered safety engineer report on OSHA compliance, and/or Phase I environmental audit);
- Status and review of corporate books and records;
- Status, availability and review of tax returns and financial reports;
- Review of equipment and inventory;
- Status of title to all assets and real estate to be included in a sale;
- Status of all third-party contracts, leases and obligations;
- Status of any pending or threatened litigation;
- Employee liabilities;
- Product liability and warranty claims;
- Insurance coverage;
- Permits and licenses;
- General requirements and recommendations for preparation of a business for sale, and anticipated/expected terms in a contract of sale;
- Explanation of the due diligence phase of a sale transaction.
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Forty years of quality service to East Texas business owners!
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McLemore & Associates
McLemore & Associates is the East Texas affiliate of BROKERS NETWORK GROUP, a nationally affiliated network of professional business brokerage firms.
If you are considering selling your business, or if you are looking to purchase a new business or expand your existing business through acquisitions, and you want the most professional, confidential assistance available, just let us know via e-mail, phone or FAX.
You no longer have to work with an isolated broker who can only market your existing business, or search for a new business to purchase, on a local basis. As an affiliate member of BROKERS NETWORK GROUP, we are able to match, and search for matches that meet, the requirements of thousands of individuals, corporations and investment groups, regardless of physical location.
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