3 professionals to accompany the transmission of your company

During the transfer phase of your company, the transferor and the transferee must be accompanied by experts, each one specialized in a stage of the process.

Business transfer: surround yourself with independent experts

The transfer of your company cannot be improvised. We repeat this regularly in these pages. Too often, problems and difficulties arise from a lack of preparation. In order to anticipate all the steps, it is advisable to work with these 3 professionals.

The 3 experts for the transmission of your company

1. A lawyer

Transferring your business requires extensive legal expertise. There are as many transfer options as there are different business forms. There are many different situations that influence the transaction and the success of the project. Some statistics show that the failure rate of acquired companies is twice as high as that of new companies.

A business lawyer, ideally specialized in the size of the company you wish to sell/acquire, helps you to transcribe the transaction. He ensures the legality of the transfer terms.

2. An accountant

He is in charge of the financial documents of the business transfer. He is entrusted with the realization of the audit, the financing plan, the business plan, the presentation file to be submitted to the banker, etc. He accompanies the transferor, because he knows the environment of the structure. He can prepare the company as well as possible before its transmission. He can also participate in the elaboration of the agreement protocol.

For the buyer, the chartered accountant is also a precious ally. He knows the economic fabric and the current state of the companies. Finally, he is an intermediary of choice between the different interlocutors after the transfer of the company.

3. A business transfer consultant

Nevertheless, the transmission professional is the only expert who acts in the interest of both parties. He concretizes the transaction, under the best conditions and in the best time. He serves as a buffer between the parties. He can take on the role of a mentor or an experienced consultant. In all cases, he is an independent expert.

His financial and legal skills complement the assessments of the lawyer and accountant. He also has in-depth technical skills, which allow him to work in all sectors, for national or international companies of all sizes. He can handle very different requests, such as

• transfer of a company to an investment fund
• transfer of a company to an industrial group
• gradual transfer of a company to a foreign group
• takeover of the company by the employees in the form of a SCOP
• takeover of a company by a venture capital company
• backed by a large international group
• merger of two companies with complementary activities

Convinced? If you would like to know more about the methods used by Actoria’s business transfer experts, contact us.