Like a brick-and-mortar company, an online business accumulates assets that it rarely or never uses.
If you’ve been online for more than a couple of years, chances are your e-commerce company is sitting on these types of assets.
Now’s a good time to take an inventory of what your Internet business owns and decide what you don’t and won’t need in the future.
Of course, these assets can be sold piecemeal (e.g., domain name registrations).
However, you’ll often discover a part of your company can that be spun off and sold as its own microbusiness. Sold together as a revenue generator, you can typically get more from a single buyer than selling off the parts separately to multiple purchasers.
Need help? Set up a phone consultation with Internet Business Lawyer Mike Young.