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Michael Shea

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contracts

contracts

Cleaning House: De-Risking Your Business Before You Sell

February 21, 2026 by Michael Shea PA

Documentation isn’t just a bureaucratic chore; it’s an operational necessity. It ensures consistency, facilitates training, aids in troubleshooting, provides an audit trail, and is invaluable for compliance and legal defense.

Filed Under: Business Management Tips, exitplan, exitplanning, michaelshea, sellerfinancing, Tampa Business Sales, tampabusinessbroker, transworldbusinessadvisors Tagged With: cepa, contracts, cornerstone, derisk, documentation, michaelshea, orlando, tampa

How to Sell a Small Business Step-by-Step

January 5, 2026 by Michael Shea PA

  The 2026 Roadmap for Tampa Bay Founders Selling your business isn’t a single event; it’s a series of strategic maneuvers. In a market as competitive as Florida’s West Coast, preparation is the difference between a “sold” sign and a “stalled” listing. Phase 1: Pre-Sale Preparation (12–24 Months Out) Get a Professional Valuation: Don’t guess. […]

Filed Under: Uncategorized Tagged With: balancesheets, baseline, cepa, contracts, dataroom, ebitda, licenses, michaelshea, nda, pl, presale, roadmap, sop, tampabay, taxreturns

Proven Ways to Increase the Value of Your Tampa Bay Business Before You Sell

April 30, 2025 by Michael Shea PA

If you’re a Tampa Bay business owner thinking about selling in the next 1–3 years, there’s good news: you still have time to significantly improve your business’s value.

Too often, owners focus only on financials when preparing for a sale. But value isn’t just about revenue and profit — it’s about how transferable, scalable, and de-risked your business is in the eyes of a buyer.

Filed Under: exitplan, exitplanning, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: cepa, contracts, customerbase, documentprocess, financials, michaelshea, revenue, tampa, team

Building Trust with Buyers: Why Guarantees on Boxes Don’t Cut It (Lessons from Tommy Boy)

July 2, 2024 by Michael Shea PA

There is a scene in the movie where Tommy is selling in some brake pads and the Distribution Managers’ objection to the lack of a ‘guarantee’ on the box is singularly accurate to portraying the importance of contracts and service agreements in large and small businesses.

Filed Under: Selling A Business, Selling Your Company Tagged With: #buyabusiness, agreements, contracts, privateequity, smallbusiness, sticky, tampa, tampabusinessbroker, tommyboy

Contracts, Guarantees, Assignability Etc

September 29, 2021 by Michael Shea PA

It never fails but in almost every deal a buyer or a buyers attorney fixates on “contracts” and the assignability of the contracts in a deal. Now I have spoken to several attorneys I respect on the issue here in Florida and most smaller businesses realize that the cost of litigating to enforce a contract […]

Filed Under: Business Management Tips, Buy a Business, Selling A Business, Selling Your Company Tagged With: contracts, curing, orlando, tommyboy

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