69 articles in this category
Sector benchmarks, EBITDA multiples 3-7x, DCF, adjusted net assets and earnings capitalisation: the five methods to value a French goodwill and the role of a chartered accountant in Paris in 2026.
2026 method for identifying a serious buyer: sourcing channels, financial qualification, NDA, data room and warning signs to monitor throughout the process.
Information Memorandum (IM) for a French M&A sale: 8-section structure, normalised EBITDA, Vendor DD, NDA, EUR 35-110k cost and 12-month timeline. Cabinet Hayot Expertise method, Paris.
Transfer of business assets: transferred éléments, formalities, lease, pre-emption, taxation and points of vigilance to secure the operation.
Transferring a business in France takes longer than most owners expect. From the initial 360° diagnostic through to closing and post-sale planning, this guide covers the structured method, key decision points and French tax rules you need to know for a successful 2026 transfer.
A business transfer has to be prepared on both sides: the company itself and the owner's personal timing, income needs and transition objectives.
Chartered accountant (expert-comptable), lawyer, notary and M&A adviser: who to call on, at what point and for what purpose — and why the order of involvement matters as much as the choice of professionals in a French business transfer.
The gap between a valuation estimate and the price a buyer agrees to pay can be substantial. This article focuses exclusively on what you can do as a seller to narrow that gap — through concrete operational levers, a structured preparation calendar and an understanding of what buyers really scrutinise during due diligence.
Asset sale or share sale: two routes with opposite tax, wealth and legal consequences. Registration duties, liability transfer, double taxation and a decision table to guide the seller's choice.
An 18-month roadmap to prepare the sale of your SME: cleaning up the accounts, valuation, buyer search, letter of intent, due diligence and closing, step by step.
An earn-out is taxed as a capital gain on the sale of securities, in the year it is received, at the 31.4 % flat tax. Regime, filing and the risk of reclassification as salary when the seller stays on as director.
Breach of undertaking, non-animating holding, no management role, non-professional assets: the mistakes that forfeit the 75% Dutreil relief, and how to avoid them before and after the transfer.
Are you an employee or manager wanting to buy your company? Approaching the seller, valuation, acquisition holding, financing and the tax watch points of a management buy-out (MBO).
A loss-making SME can still be sold. Revalued net asset value, the real fate of carry-forward losses, recovery levers, vendor loan or earn-out: how to value and negotiate calmly.
Vendor loan or bank loan to finance an SME buyout: costs, guarantees, default risk, complementarity with senior debt, and how the seller can spread capital-gains tax (art. 1681 F French Tax Code).
Our articles provide general guidance. A discovery meeting with Samuel HAYOT allows us to analyse your specific case.