Enterprise owners usually sell their business for one of three reasons. First, it has been their goal from the beginning to set up a business and sell it eventually, and the opportune time has come to sell and benefit financially.
Second, the venture has not been making any remarkable progress since its inception, and it would be best to sell and explore other enterprise opportunities rather than retain and continue the business.
Third, it is time to leave the business industry and enjoy retirement with the profits acquired, or it can also be due to ill health. The basic principles behind successfully buying or selling a business are consistent across a range of sectors; however, the legal requirements involved and the procedures to be followed may vary depending on the country. .. Read more at: http://www.business2sell.com/blogs/2014/08/duty-of-care-when-selling-a-business-in-the-u.php