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Markian Malskyy, Head of West Ukrainian Branch of Arzinger, gave an overview “How to establish business so that to be able to sell it any Friday without any regrets” in the scope of FORUM 360°
Arzinger Law Firm, Kyiv, Ukraine
23 February, 2012
On February16, 2012 the Business Community Club held FORUM 360°, entitled “Legal Aspects of Doing Business”. The Business Community Club is an international business organization, established for networking, experience exchange and constant business development purposes. Main aims of FORUM 360° are to review current business development opportunities from four sides during 360 minutes by the specialists from Ukraine and abroad, as well as to network and develop business.The target audience of FORUM 360° consists of chairs and owners of small and medium sized businesses, entrepreneurs, managers of middle and senior level enterprises.
Within the event Markian Malskyy, Attorney-at-law, Head of West Ukrainian Branch of Arzinger in Lviv, reported on “How to Establish Business to Be Able to Sell It Any Friday without Any Regrets".
The presentation concerned the reasons for selling the business, its sale methods, sale forms, sales stages, pre-sale preparation, business liquidity, checklist of report issues, conclusions and recommendations of the report. Markian Malskyy named many reasons for selling business, of which the most common are to raise funds for another business, release of unspecialized assets, sale as part of the establishment and re-sale of business, decrease in profitability due to external or internal conditions changes, elimination of contradictions between co-owners or owners and management, loss of interest / deserved rest, to avoid Corporate Raider. Moreover, Mr. Malskyy analyzed issues of business liquidity, its selling forms, including turnkey selling, sale of share deal, asset sale deals. He revealed the main stages of business selling.
FORUM 360° participants had opportunity to become acquainted with pre-sale preparation and its main aims and components, such as legal audit, business valuation, increasing of investment attraction. Mr. Malskyy talked also about due diligence and presented the checklist of report issues.