Previously published in Waste and Recycling News
So you think you may want to sell your business sometime soon?
The first thing: Get your house in order. Potential buyers are
going to look with a critical eye when determining the value of
your business and its liabilities. Anticipate the concerns of a
buyer. This will place all parties on road to completing the
deal.
A seller needs to understand the environmental laws governing
the operations and its impact on a deal. The seller should know
what to disclose. Some states have laws requiring a property owner
to report spills. Other states may impose post-transaction
obligations on the buyer or the seller. Having this basic
understanding can help establish a realistic timeframe.
