246 – How to Make Sure Your Business is Ready for Sale

Subscribe: iTunes | Stitcher | SoundcloudRSS

Selling your business. This topic should make business owners curious about whether they are planning to sell or not. As a business owner, it can be considered a wise thing to do if you start preparing your business with the end in mind, especially because one of the key factors that determine if a business is thriving is if it is ready for sale. 

In this episode with Helen Kay, The Contracts Lawyer, she emphasises the importance of getting help from experienced professionals to help with the sale of one’s business and the tasks that business owners can do themselves to make sure the sale goes smoothly. She also talks about the stages of selling a business, the seller’s due diligence, etc. 

I highly recommend that you tune in to this episode as it provides vital information about preparing your business for sale. 


What’s Discussed In This Episode:

  1. An overview of The Contracts Lawyer and recap of the previous episode [3:54]
  2. Getting into the business of ‘selling your business’ [5:27]
  3. The legal business health checklist [8:47]
  4. The importance of working with experienced professionals [10:42]
  5. Stages of selling your business [12:53]
  6. Seller’s Due Diligence [18:04]
    • Ensure the business name is registered to the seller [18:12]
    • Ensure the trademark is owned by the business owner [19:02]
    • PPSR and how it applies to trade businesses [20:51]
    • Ensure that key contracts are documented [21:47]
    • Lease issues [23:28]
  7. Summary of steps to make sure your business is ready for sale [28:34]

About Our Guest

Helen Kay is a business lawyer, in fact she is The Contracts Lawyer. She is a highly accomplished commercial and property lawyer with extensive legal experience working within top tier firms in Australia as well as running her own legal practice and heading up various commercial practices over the years. 

Helen has assisted many businesses across different industry sectors with their commercial legal agreements, including commercial leases, buying and selling businesses and providing general contractual advice.

Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. Tune in and subscribe to The Site Shed: You can also listen to The Site Shed on Apple Podcasts, Spotify, and Stitcher.

Thank you for tuning in! 

If you enjoyed this podcast and this series, please take 5 to leave us a review:

    Free Download From Helen

    Leave a Reply

    Your email address will not be published. Required fields are marked *


    Search past episodes of The Site Shed.

    The Site Shed | Listen Notes


    The Site Shed is one of the best online communities and podcasts for tradies out there. The free content provided to members is unbelievable - offering invaluable advice to run a successful business, and the community of tradies is truly awesome. Do yourself a favour and check it out.

    Peter Cox Business Man

    Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

    Ben Hern Business Owner

    I have been listening to the pod casts for a few months now, I can't get enough of all the awesome content that you guys provide. Especially when you guys deliver it from a trade perspective which helps out a lot. Keep up the good work and hopefully one day I can afford one of the trade training trips.

    Ché Henton Customer

    I own a construction company,and i love learning how to make my bussiness more competitive,profitable and how to better serve my clients. The site shed is a wonderful place to get invaluable knowledge no matter your trade .

    Michael Mullinax Construction Company Owner

    Subscribe To Our Audio Podcasts!

    Share This

    Advertise With Us

    If you think you’ve got a product or service offering that could benefit our audience, we’d love to hear from you! 
    Complete this form to let us know a little more about your business, and the type of promotion you’re interested in and we’ll get in touch.

    We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. By clicking “I Accept” on this banner or using our site, you consent to the use of cookies unless you have disabled them