Call Your Lawyer Before Buying a Business
Buying a business requires numerous legal considerations. It is all too common for a buyer to see the perfect opportunity with an asking price that seems reasonable given the market, location, revenue, and rent. You can run the numbers, do some due diligence, and verify that it is a profitable business. But are you familiar with the wide variety […]
Why Is Due Diligence Important When Acquiring A Business?
Conducting proper due diligence is incredibly important before you acquire a business. There are two goals that you want to achieve: Verify that the information presented by the seller is accurate Make sure that there are no hidden liabilities It all starts with the letter of intent (LOI) that all involved parties will sign. The LOI should […]