Sell a Business for the Best Price
Selling a Psychoanalysis Practice
Although a psychoanalysis practice may not be completely recession-proof, the best companies can survive nearly any storm. All it takes is a strategy to identify solid prospects and convert them to buyers.
The economy isn't the only thing that is uncertain these days. So are psychoanalysis practice buyers, many of whom are waiting to pull the trigger on their next acquisition.
Undaunted by economic conditions, many psychoanalysis practice sellers are achieving their sale goals through deliberate sale strategies.
Preparing Family Members
Many sellers embarked on their psychoanalysis practice sale without adequately considering the impact it will have on their families. In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the psychoanalysis practice. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of a psychoanalysis practice has to include ample communication and shared decision-making.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your psychoanalysis practice. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based psychoanalysis practice sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.
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