01 / Seller decision
Selling a Business in Washington
Selling a business in Washington 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.
A software seller should organize recurring revenue, customer retention and delivery responsibilities together. Explain which work is routine, which depends on individual technical employees and where the founder intervenes, particularly when customer needs require product changes or unusual support.
For a maritime or aerospace-related business, document equipment condition and the customer work it supports. Separate the company's actual capabilities from broader sector opportunities, and explain how staff knowledge and owner relationships contribute to completing 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.

