Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers
Comments & Replies: 13 Topics: buying a business, deal structures, legal issues, selling a business
Profile: I was discussing this topic with a potential restaurant buyer about the differences between a letter of intent and a business purchase agreement and discovered that it is common for buyers to ask about which documents they should submit when making an offer on a small business/restaurant.
Key Words: letter of intent, loi, purchase agreement, purchase agreements, letters of intent, restaurant, restaurants, jeff back
Comments & Replies: 22 Topics: for sale by owner, legal issues, selling a business
Profile: A business owner/seller on BizBenNetwork just posed this question to me in a BBN Facilitator Session: “What are the best practices for avoiding lawsuits, possible litigation when selling a business?” In this discussion, we discuss many angles and ideas on this topic for sellers, brokers, and agents.
Key Words: selling a business, legal, attorney, sell a business, legal issues