01 / Seller decision
Selling a Business in Delaware
Selling a business in Delaware starts before the first buyer sees a presentation. Financial statements, tax returns, current operating information and an explanation of the owner's responsibilities help establish what is being offered. Separate the business's transferable earnings from expenses or responsibilities that may change after a sale.
Separate continuing account revenue from projects and occasional assignments. Explain the work supporting each category, then document where the owner manages customer expectations, solves delivery problems or provides expertise that requires replacement.
Present supplier arrangements and operating cash requirements alongside financial statements. Where purchasing precedes customer receipts, show the timing clearly so buyers can distinguish reported earnings from the resources needed to maintain ordinary operations.
Confidentiality is a sequence of decisions, not simply a label on a listing. Agree on what information can be shared, how buyers will be screened and when employees, customers or suppliers should become involved. An early anonymized overview should protect details that could identify the business before a buyer is qualified. Understanding what a business broker does helps owners define the advisory role.
Offers need to be compared on more than the headline price. Financing conditions, included assets, working capital, seller involvement and the transition timetable can change the practical outcome. Legal and accounting advisers should review the proposed structure before commitments are made. Preparation does not guarantee a sale, but it can make the questions and trade-offs clearer.

