01 / Seller decision
Selling a Business in Massachusetts
Selling a business in Massachusetts 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.
For a technical business, organize revenue by product sales, recurring services, grants, and individual projects. Explain which activities require continuing development spending and which already support repeat customer purchases, rather than combining unlike income into one growth narrative.
Document who maintains technical records, handles customer questions, and directs delivery. If the owner performs these functions, describe the handover separately for each responsibility so buyers can assess whether existing employees can absorb the work.
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.

