Negotiating for Success
November 13th, 2024
A client of mine was recently on the verge of acquiring a small business that perfectly fit its growth strategy. The acquisition was supposed to be straightforward—until the seller’s lawyer, let’s call him Mr. Fine Print, began dissecting every…
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6 Tips for a Less Stressful Small Business Acquisition
June 13th, 2023
Buying or selling a small business can be a stressful, complex, and time-consuming process. Here are 6 tips that can make the process go smoother. Seek professional guidance. A qualified third party, such as an attorney, broker, escrow agent, or some…
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Categories: Acquisitions
A ROADMAP FOR SMALL BUSINESS ASSET PURCHASE AGREEMENTS
May 24th, 2021
Asset purchase and sale transactions may be complicated, with hundreds of pages of contracts, schedules, exhibits, and appendices. Or transactions may be relatively short, with just a few key documents. Either way, each acquisition is unique and vari…
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Categories: Acquisitions
RED FLAGS IN ACQUISITION TRANSACTIONS
April 16th, 2021
Generally, small business acquisition transactions can be separated into two buckets: Bucket One. From start to finish, the transaction stays the course. There are some hiccups along the way but the parties (including the attorneys – gasp!) all…
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Categories: Acquisitions
Common Acquisition Contracts
March 12th, 2021
Small business owners are often surprised at the number of contracts necessary to close a business acquisition. While each transaction is unique, here are some of the common legal documents negotiated: Nondisclosure Agreement (NDA): A mutual NDA allo…
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Categories: Acquisitions