August 22, 2024

Legal Tips for Successfully Selling Your Dealership

Inside M&A, CBT News

Mergers and Acquisitions attorney Stephen Dietrich was featured on an episode of CBT News' Inside M&A podcast offering tips for ensuring a successful dealership sale. Mr. Dietrich said the first step for dealers is defining their personal goals for the sale: estate planning, monetary reasons, etc. He also spoke about the preparation phase, from documentation requirements to putting together the right team of legal and financial advisers to clearly communicating with other partners, including family members. Additionally, Mr. Dietrich, who leads Holland & Knight's Automotive Retail and Dealerships Practice, shared insights about questions to anticipate from buyers, as being transparent and providing detailed answers can enhance the perception of value and facilitate a smoother sale.

Duration: 40:57

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