A good business plan includes an exit strategy. When you're ready to sell your business, a number of crucial steps have to be taken to get the best possible return and protect against future liabilities. Those steps include preparing your business for sale, negotiating the terms of the sale, conducting due diligence, and documenting the sale. Here let's go over some key aspects of preparing for the sale of a business.
A merger expected to close in October will make Los Angeles-based Aecom Technology Corp. the second-largest construction and engineering firm in the United States and one of the largest in the world. Aecom -- whose projects include the new World Trade Center in New York, stadiums for the most recent World Cup championship, and the design of the new headquarters for the Los Angeles Police Department -- will merge with San Francisco-based URS Corp. The latter was responsible for a number of projects in Southern California -- for example, the 22 Freeway, several community colleges and the UCLA Ronald Reagan Medical Center. URS is also a major player in the energy industry, which reportedly made up about 40 percent of the company's revenue in 2013.