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Ensure businesses are "exit ready" prior to seeking a buyer, say M&A experts

Business owners who are considering selling their company first need to become "exit ready" by ensuring their accounting, tax, and employment law compliance is completely up to date, acquisition experts say.

Discussing mergers and acquisitions as a part of a panel at APSCo's Emerge 2023 conference last week, Squire Patton Boggs partner Ashley Rose points out that businesses now face more compliance issues than ever, including data and privacy breaches, greenwashing, and reputational damage.

"The reaction from everything that's happened in the last five-to-six years is that we're really in this high regulatory environment. That means ASIC, ACCC and other regulatory agencies are really cracking down and then looking to make a name for themselves and put out new penalties," he says...