How To Sell a Business in Texas in 2024

Once the due diligence is done, and the funds are in place, closing can take place with the help of attorneys, intermediaries, and possibly an escrow agent (similar to real estate escrow). Once the final paperwork is signed, the sale is final!


11. Transfer Ownership

Now that you’ve closed, you can start to transfer ownership to the new owners. This may involve handing over keys to premises, access to inventory, and signing over assets and other property into the name of the new owner. 

12. Notify Stakeholders

If they weren’t already notified, it may now be time to notify all stakeholders, including managers, key clients, vendors, landlords, and any other shareholders who might need to know the new owner.

13. Transition

Transition involves the handing over of day-to-day operational responsibilities to the new owner. Putting together a plan for the transition will most likely be a part of the negotiation and due diligence process.

14. Legal and Tax Considerations

Several legal and tax considerations may apply to the transaction. One step is to register the change of ownership with the Texas Comptroller

You may owe capital gains taxes, as well as state sales tax on any personal property that has been transferred. Depending on the specifics of the business, other taxes and legal filings may be necessary as you sell your business in Houston or in other Texas locales. 

Summary: How To Sell a Business in Texas With a Business Broker 

If working through these steps seems like a heavy lift, understand that you don’t have to go it alone. In fact, it’s often unwise to try and do it all yourself. 

Buyers expect you to keep the business up to par during the entire sale process, from listing to closing. If you let operations slip or sales decline because you’re distracted by the nitty-gritty of the sale process, it could jeopardize the entire deal.

This is why smart Texas business owners partner with a business broker. Not only can the broker take the reins of the sale process so the business owner can continue to steer day-to-day operations, but an experienced business broker also has a comprehensive understanding of the process. Additionally, business brokers usually have contacts in the business community to get the word out to the right buyers. 

None of these steps are foreign to a business broker. With the right brokerage partnership, selling your business in Texas can be a snap!


due diligence | Wex | US Law

Texas Sales and Use Tax Frequently Asked Questions | Texas Comptroller

Can There Be a Legal Contract Before Financing Is Approved? | Chron

Prior to purchasing IBEX, Chuck Harvey spent 35 years as CEO, CFO and consultant to the Fortune 500, Middle Market, Mainstreet and in the Start-up community, including spending time at PepsiCo & Price Waterhouse Coopers. During that time, Chuck oversaw three dozen buy-side / sell-side transactions on three continents, including a $35M sale of a Texas digital photography pioneer to a $1 Billion Japanese conglomerate.

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“Texas Real Estate Commission Information About Brokerage Service”


“Texas Real Estate Commission Consumer Protection Notice.”