veering away from problems in buying or selling websites (DOC)

Document Sample
veering away from problems in buying or selling websites (DOC) Powered By Docstoc
					Veering away from problems in buying or selling websites

Despite the so many benefits in buying and selling websites, there would
always be major problems. These take place is the buyer or the seller of
the website don’t have any idea what are the things that should be done
and how can solve minor problems along the way. In order to veer away
from major problems that can be encountered in buying or selling a
website, here are some things that the buyer or seller should take into

1. Accomplish major monetary issues.

In this case, the major objective of the seller is makes a positive image
so the deal would proceed smoothly. For the seller to do this he or she
should put into order the website’s monetary statements and financial
documents sufficiently. This is to ensure that there will be no problems
once the buyer would want to know the financial status of the website.
For the buyer, it is also a must for him to check if the proprietor have
already arranged a complete set of financial papers—at least a record
containing information in the previous two years—to know what is the
financial viability of the website.

2. Be transparent on financial declarations.

The seller before selling his or her website should take in up him or to
herself the responsibility of having the financial declarations reviewed
ideally by an accounting firm. If this is not possible, at least the
financial declarations have been compiled by the website possessor in an
orderly manner. For the buyer, he or she must also check if the financial
declarations have been audited and the statements can meet his or her
expectations. This is also advantageous for the buyer because if the
financial declarations are precise and accurate, he or she would save
time because there will be no need for recalculation.

3. Be careful on sudden closings.

Buyers and sellers alike should be very careful on sudden closings
because it can alter the financial reports themselves. For initial
transactions, these pieces of information don’t have to be audited but
should be audited before the final arrangement takes place. The seller
should be very careful in sudden closings because he or she couldn’t sell
the site if there are financial warts. The seller should also keep in
mind that the buyer will be able to find financial problems due to sudden
closing eventually so there's no point of not fixing it now.

4. Avoid negotiations that are devoid of having worked out.

There's a difficulty in having diverse deals and arrangements in no time.
This is because the buyer will not have enough time to find our if there
were devoid negotiations in past. For both parties to avoid this kind of
problem in buying and selling websites, they must find time to recover
dissimilar tax implications so the deal won't be put off.

5. Always be open to suggestions.
This will work both ways for the buyer and seller because being open to
suggestions will not only make their negotiations easier but will also
enable them to move on and start anew. If the buyer is not open to
suggestions, stiffness on his or her part may cause a problem because the
seller would think that he is being pushed on the wall or he might think
that the buyer doesn’t trust him or her enough and all the
accomplishments his or her website has achieved over the years. When this
happens, the buying and selling of websites will be cancelled and can
lead both parties to square one.

Shared By: