Business sale template please!

[Sara Makar]

Hey there Bp community, My husband is selling his Automotive company and we need a contract. This is our first business we've ever sold so this is all new to us. Can anyone offer any advice on selling a business?! What would be necessary or good to add to the contract to protect ourselves?! Advice please!

[Nicholas Schommer]

I would consult an attorney, for a couple hours' fee they should be able to provide you with a contract and/or review the other parties' contract to protect you and your interests... If you are selling a business, they may even work on a contingency basis if you don't have retainer fees upfront, but that will likely cost you more. Money well spent to put your mind at ease in my opinion.