Legally Sound | Smart Business

Whether you are buying or selling a business, the transaction goes through the same steps. However, they are viewed from different perspectives. Sellers may not want to fully disclose all the blind spots while Buyers will want otherwise. Nasir and Matt battle it out in this Buyer vs. Seller to determine who has the advantage! Round 1: Prepare to Negotiate - Letter of Intent When it comes to selling a business, some of the most critical work is done before you even make your first phone call. A letter of intent serves as a way for both parties to get on the same page and lays the groundwork for what each of you can expect from the other. https://www.youtube.com/embed/t4KVprJ9m94 Round 2: Due Diligence and the No Shop Periods Buying or selling a business is a complex process. It's not just about talking about purchasing or selling the company's assets. For prospective buyers, it’s important to understand that buying a business is not all about the numbers. Thorough due diligence of all facets o